Question 1 (3 points) At December 31, 2019, Tara Co.'s allowance for doubtful accounts balance was $61,600. During 2020, Tara wrote off $50,400 in receivables. The following information pertains to Tara Co.'s accounts receivable at December 31, 2020: Days Outstanding Amount Est. % Uncollectible 0 - 60 $336,000 1% 61 - 120 252,000 2% Over 120 336,000 6% $924,000 Determine how much bad debt expense Tara will report for the year ended December 31, 2020. a) $28,560 b) $17,360 $50,400 d) $33,040 e) None of these answers is correct