Problem 6-8 Here is information related to Sheffield Corp. for 2017. Total credit sales Accounts receivable at December 31 Bad debts written off $1,643,000 821,500 35,700 CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT (a) What amount of bad debt expense will Sheffield Corp. report if it uses the direct write-off method of accounting for bad debts? Bad debts expense (b) Assume that Sheffield Corp. decides to estimate its bad debt expense based on 4% of accounts receivable. What amount of bad debt expense will the company record if Allowance for Doubtful Accounts has a balance of $2,900? Bad debts expense $ Click if you would like to Show Work for this question: Open Show Work Question Attempts: 0 of 2 used SAVE FOR LATER SUBMIT ANSWER Version 4.24.21 10:40 PM ENG 2021-02-07