The following accounts were abstracted from Todd Company's unadjusted trial balance at December 31 : Todd Company estimates that 3% of net credit sales will become uncollectible. After adjustment at December 31 , the Bad Debt Expense account should have a balance of: Select one: a. $24,000 b. $34,000 c. $90,000 d. $80,000 e. $100,000 Venice Corp. maintains its accounting records on the cash basis but restates its financial statements to the accrual method of accounting. Venice had $120,000 in cash-basis pretax income for 2018. The following information pertains to Venice's operations for the years ended December 31,2018 and 2017 : Under the accrual method, what amount of income before taxes should Venice report on its December 31,2018 income statement? Select one: a. $130,000 b. $110,000 C. $150,000 d. $120,000