Problem 8-04A a-c Here is information related to Crane Company for 2022. Total credit sales Accounts receivable at December 31 Bad debts written off $1,580,000 790,000 39,500 (a) What amount of bad debt expense will Crane Company report if it uses the direct write-off method of accounting for bad debts? Bad debts expense (b) Assume that Crane Company uses the percentage-of-receivables basis to record bad debt expense and concludes that 4% of accounts receivable will become uncollectible. What amount of bad debt expense will the company record if Allowance for Doubtful Accounts has a credit balance of $2,700? Bad debts expense (c) Assume the same facts as in (b), except that there is a $1,000 debit balance in Allowance for Doubtful Accounts. What amount of bad debt expense will Crane record? Bad debts expense