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. Debit Credit Accounts receivable Allowance for doubtful accounts Net sales $55,100 5.610 $1,229,500 Sarasota Company estimates uncollectible accounts will be 7% of gross accounts receivable. Determine its bad debt expense for 2020. Bad debt expense for 2020 $ 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) $ 184,260 1,795,700 127,610 What is the net amount expected to be collected of Ivanhoe's receivables at December 31, 2020? Net realizable value $ 3. Shamrock Co. provides for doubtful accounts based on 3% 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 $2,185,300 58,230 17,920 7,970 30,680 What is the balance in Allowance for Doubtful Accounts at December 31, 2020? Allowance for doubtful accounts 12/31/20 $ 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 Customer accounts written off as uncollectible during 2020 Bad debt expense for 2020 $997,800 21,930 87,790 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 $ 5. The following accounts were taken from Indigo Inc.'s trial balance at December 31, 2020. Debit Credit $781,700 Net credit sales Allowance for doubtful accounts Accounts receivable $12,650 330,200 If doubtful accounts are 3% of accounts receivable, determine the bad debt expense to be reported for 2020. Bad debt expense, as adjusted $