The unadjusted net accounts receivable on the books of Elantra Ltd. as of 31 December 20X4 are as follows: Accounts receivable $ 170,000 Less: Allowance for doubtful accounts 24,000 $ 146,000 40% of the accounts are current and 5% might not be collected, and the remainder is past due and 30% might not be collected. Required: Calculate the bad debt expense, the balance in the allowance for doubtful accounts, and the net accounts receivable on the SFP at the end of 20X4.