Riverbed Corp. has outstanding accounts receivable totaling $6.10 million as of December 31 and sales on credit during the year of $22 million. There is also a credit balance of $14000 in the allowance for doubtful accounts. If the company estimates that 6% of its outstanding receivables will be uncollectible, what amount of bad debt expense will be reported on Riverbed's income statement? $366000. $352000. $380000. $1320000 Attempts: 1 of 1 used

Riverbed Corp. has outstanding accounts receivabie totaling $6.10 million as of December 31 and sales on credit during the year of outstanding receivables will be uncollectible, what amount of bad debt expense will be reported on Rlverbed's income statement