Samuda Enterprises uses the aging approach to estimate bad debt expense. At the end of the current year, Samuda reported a balance in accounts recevable of $620,000 and estimated that $11,500 of its accounts recevable would likely be uncollectible. The allowance for doubtful accounts has a $1,400 debit balance at year-end (that is more was written off during the year than the balance In the account) 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? Bad debt expense of current year Accounts receivable (net) of current year