Required information The following information applies to the questions displayed below) Complete the requirements for each of the following independent cases, At the end of the current year, the unadjusted trial balance of Branco, Inc., indicated $5,836,000 in Accounts Receivable, a credit balance of $8.500 in Allowance for Doubtful Accounts, and Sales Revenue (all on credit) of $160,480,000 Based on knowledge that the current economy is in distress, Branco increased its bad debt rate estimate to 0.2 percent of credit sales. Required: 1. What amount of bad debt expense should be recorded for the current year? 2. What amount will be reported on the current year's balance sheet for accounts receivable? tad debt expense of current year Accounts receivable of current