The following information pertains to Lightning Inc, at the end of December Credit Sales Accounts Payable Accounts Receivable Allowance for Uncollectible Accounts Cash Sales $20,000 10,000 11,600 400 credit 20,000 Lightning uses the aging method and estimates it will not collect 7% of accounts receivable not yet due, 15% of receivables up to 30 days past due, 7% of receivables greater than 30 days past due. The accounts receivable balance of $11,600 consists of $7,000 not yet cue $2,900 up to 30 day ue, and $1,700 greater than 30 days past due. What is the appropriate amount of Bad Debt Expense? Multiple Choice $435 $1,324 $1,485 $400