Q 8.30 Four companies each have a similar total Account Receivables balance and a similar estimated percentage collectible for the number of days past due. If the companies are trying to estimate their bad debt expense using the percentage-of-receivables basis, which company should record the LOWEST amount of Bad Debt Expense? The table reports the company's percentage of total Accounts Receivable in each category. Company 1 Company 2 Company 3 Company 4 Not Due 65% 4096 1096 35% 1-30 days past due 20% "30% 2096 30% 31-60 days past due Over 60 days past due 10% 596 1596 15% 35% 3596 20% 15% N Company 3 B Company 1 Company 4 D Company 2