The following are a series of unrelated situations. Answer the questions relating to each of the five independent situations as requested. 1. Sarasota Company's unadjusted trial balance at December 31, 2020, included the following accounts. Credit Accounts receivable Allowance for doubtful accounts Net sales Debit $53,600 5,450 $1,209,200 Sarasota Company estimates its bad debt expense to be 6% of gross accounts receivable. Determine its bad debt expense for 2020. Bad debt expense for 2020 $ 72552 2. An analysis and aging of Ivanhoe Corp. accounts receivable at December 31, 2020, disclosed the following. Amounts estimated to be uncollectible Accounts receivable Allowance for doubtful accounts (per books) $ 181,130 1,774,300 126,200 What is the net amount expected to be collected of Ivanhoe's receivables at December 31, 2020? Net realizable value $ 1593170 3. Shamrock Co. provides for doubtful accounts based on 4% of gross accounts receivable. The following data are available for 2020, Credit sales during 2020 Bad debt expense Allowance for doubtful accounts 1/1/20 Collection of accounts written off in prior years (customer credit was reestablished) Customer accounts written off as uncollectible during 2020 $2,423,400 57,590 15,880 8,340 29,140 What is the balance in Allowance for Doubtful Accounts at December 31, 2020? Allowance for doubtful accounts 12/31/20 $ 92016 4. At the end of its first year of operations, December 31, 2020, Bridgeport Inc. reported the following information. Accounts receivable, net of allowance for doubtful accounts $986,400 Customer accounts written off as uncollectible during 2020 24,890 Bad debt expense for 2020 88,450 What should be the balance in accounts receivable at December 31, 2020, before subtracting the allowance for doubtful accounts? Accounts receivable, before deducting allowance for doubtful accounts $ 62560 5. The following accounts were taken from Indigo Inc.'s trial balance at December 31, 2020