Question 4 (1 point) Saved Maple Co. provides for bad debts expense at the rate of 5.80% of ending Accounts Receivable. On Jan 1, 20x1, the Allowance for Bad Debts was $20,000. There were $16,000 of accounts written off during the year. Credit sales for the year were $545,000. Ending Accounts Receivable was $165,000. What is the amount of Bad Debt Expense for the year