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The following information is related to December 31, 2021 balances. Accounts receivable $1590000 . . Allowance for doubtful accounts (credit) (119000) . Cash realizable value

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The following information is related to December 31, 2021 balances. Accounts receivable $1590000 . . Allowance for doubtful accounts (credit) (119000) . Cash realizable value 1471000 During 2022 sales on account were $367000 and collections on account were $218000. The company wrote off $22400 in uncollectible accounts. An analysis of outstanding receivable accounts at year end indicated that bad debts should be estimated at $143000. Bad debt expense for 2022 is: O $24000. O $46400. O $1600. O $143000

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