Question 22 (4 points) An analysis and aging of the accounts receivable of Catts Company at December 31 reveal these data: Accounts receivable: $ 7,200,000 Allowance for doubtful accounts per books before adjustment: 300,000 Amounts expected to become uncollectible: 500,000 What is the amount of bad debt expense for the year? O1) $500,000 O 2) $300,000 O 3) $800,000 O 4) $200,000