QUESTION 15 Lowell Corp. released its 2019 annual report including the following information about its allowance for doubtful accounts: Balance in allowance at the beginning of the year $306 million, accounts written off during the year of $126 million, balance in allowance at the end of the year $282 million. What did Lowell report as bad debt expense for the year? (Round your answer to zero decimal places and omit the "S" sign and million(s)." For example, if your answer is $100.2 million, type in "100") QUESTION 16 McCoy company chooses FIFO over LIFO for inventory costing, During a deflationary period, this decision would affect the financial statements as follows: Cost of goods sold will be higher and ending inventory will be lower Cost of goods sold will be lower and ending inventory will be lower Cost of goods sold will be higher and ending inventory will be higher Cost of goods sold will be lower and ending inventory will be higher