The chief accountant for Marigold Corporation provides you with the following list of accounts receivable that were written off in the current year: Marigold does not use an allowance method; instead, it follows the policy of debiting Bad Debt Expense as accounts are written off. The chief accountant maintains that this procedure is appropriate for financial statement purposes. Marigold is a small company that follows ASPE. All of Marigold's sales are on a 30-day credit basis, and the accounts written off all related to current-year sales. Sales for the year total $3.25 million, and your research suggests that bad debt losses approximate 3% of sales. (b) By what amount would net income differ if bad debt expense was calculated using the allowance method and percentage-of-sales approach? Bad debt expense using allowance method and percentage-of-sales approach $ Bad debt expense using the direct write off method $