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The following information is related to December 31,2024 balances. During 2025, sales on account were $859000 and collections on account were $513000. The company wrote

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The following information is related to December 31,2024 balances. During 2025, sales on account were $859000 and collections on account were $513000. The company wrote off $40000 in uncollectible accounts. An analysis of outstanding receivable accounts at year-end indicated that uncollectibles should be estimated at $340000 Bad debt expense for 2025 is $84000. $340000 $4000. $44000

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