The following details are for questions 21-23. Each individual question will appear below the details. PayPal Inc (PYPL) has the following excerpts from their financial statements: PayPal Financial Statements December 31, 2016 December 31, 2015 December 31, 2014 Net Receivables (in Millions) 19,905 16,582 14,957 Item "Net Receivable - Gross receivable minus Allowance Gross Account Receivables, December 31, 2016: $20,039 Million Gross Account Receivables, December 31, 2015: $16,815 Million Credit Sales during 2016: $7,700 Million Collections during 2016: $4,223 Million 2% of credit sales is assumed to be uncollectable Question Bad debt expense for 2016 (rounded to the nearest million) is: $154 Million $146 Million $115 Million $134 Million