The Soft Company has provided the following information after year-end adjustments:

Allowance for doubtful accounts was $11,000 at the beginning of the year and $37,200 at the end of the year.

Accounts receivable were $87,200 at the beginning of the year and $438,000 at the end of the year.

Accounts written off as uncollectible totaled $29,000. Net sales totaled $2,880,000.

Sales discounts were $118,000. How much was Softs bad debt expense for the year?

How much was Softs bad debt expense for the year?

$26,200.

$2,800.

$29,000.

$55,200.