The following information is related to December 31, 2016 balances Accounts receivable $1480000 Allowance for doubtful accounts (credit) (108000) Cash reliable value 1010000 During 2017 sales on account were $389000 and collections on account were $202000. Also, during 2017 the company wrote off $23100 in uncollectible accounts. An analysis of outstanding receivable accounts at year and indicated that bad debts should be estimated at $140000. Bad debt expense for 2017 is: $55100 $32000 8900 $140000