Q1. Prior to the year-end adjustment to record bad debt expense for 2021 the general ledger of ABC Company included the following accounts and balances: Cash collections on accounts receivable during 2021 amounted to $450,000. Sales revenue during 2021 amounted t $800,000, of which 75% was on credit, and it was estimated that 2% of these credit sales made in 2021 would ultimately become uncollectible. Required: A. Calculate the bad debt expense for 2021. B. Determine the adjusted 2021 year-end balance of the allowance for doubtful accounts. C. Determine the net realizable value of accounts receivable for the December 31,2021 , balance sheet. Q1. Prior to the year-end adjustment to record bad debt expense for 2021 the general ledger of ABC Company included the following accounts and balances: Cash collections on accounts receivable during 2021 amounted to $450,000. Sales revenue during 2021 amounted t $800,000, of which 75% was on credit, and it was estimated that 2% of these credit sales made in 2021 would ultimately become uncollectible. Required: A. Calculate the bad debt expense for 2021. B. Determine the adjusted 2021 year-end balance of the allowance for doubtful accounts. C. Determine the net realizable value of accounts receivable for the December 31,2021 , balance sheet