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The following information is related to December 31, 2021 balances. Accounts receivable $1490000 . Allowance for doubtful accounts (credit) (109000) Cash realizable value 1100000 During

The following information is related to December 31, 2021 balances. Accounts receivable $1490000 . Allowance for doubtful accounts (credit) (109000) Cash realizable value 1100000 During 2022 sales on account were $377000 and collections on account were $239000. The company wrote off $23100 in uncollectible accounts. An analysis of outstanding receivable accounts at year end indicated that bad debts should be estimated at $144000. Bad debt expense for 2022 is: $144000. $35000. O $58100. $11900

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