Question 4 (2.5 points) NOTE: You will use the following information to answer Questions 4 AND 5. The Accounts Receivable balance for Dilbert Corporation as of December 31, 2020 is $600,000. Before calculating and recording 2020 bad debt expense, the Allowance for Doubtful Accounts has a debit balance of $20,000. Dilbert's aging analysis as of December 31, 2020 shows the following: Category Current 1-60 days past due 61-120 days past due 121-180 days past due Amount 440,000 80,000 50,000 30,000 Estimated Uncollectible 5% 20% 60% 90% "Bad Debt Expense" on Dilbert's 2020 Income Statement will be $115,000 $75,000 $90,000 $95,000 Question 5 (2.5 points) The Accounts Receivable balance for Dilbert Corporation as of December 31, 2020 is $600,000. Before calculating and recording 2020 bad debt expense, the Allowance for Doubtful Accounts has a debit balance of $20,000. Dilbert's aging analysis as of December 31, 2020 shows the following: Category Current 1-60 days past due 61-120 days past due 121-180 days past due Amount 440,000 80,000 50,000 30,000 Estimated Uncollectible 5% 30% 60% 90% "Accounts Receivable, net" on Dilbert's December 31, 2020 Balance Sheet will be: $600,000 $525,000 $485,000 $505,000