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Sheridan Company unadjusted trial balance includes the following balances (assume normal balances): Accounts receivable $1900000 Allowance for doubtful accounts $33000 Bad debts are estimated to

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Sheridan Company unadjusted trial balance includes the following balances (assume normal balances): Accounts receivable $1900000 Allowance for doubtful accounts $33000 Bad debts are estimated to be 6% of outstanding receivables. What amount of bad debt expense will the company record? O $118630 O $81000 $78870 $124000

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