The unadjusted net accounts receivable on the books of Elantra Ltd$.$ as of $31$ December $204$ are as follows:

$40\%$ 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 $204.$

Net accounts receivable