Use the following data for the next 3 questions. (Question 1 of 3) At the end of January, the unadjusted trial balance of Vernon, Inc., included the following accounts: ACCOUNT Debit Sales (80% represent credit sales) Accounts Receivable $110.000 Alowance for Dout Accounts Refer to the above data. Vernon ages the accounts receivable and determines the estimated uncollectible portio n to be $2,800. What is the amount of Bad Debts expense recognized in Vernon's income statement for January? A $2,800 $2,240 None of the above C. D. $1.920 E $3.680 Use the following data for the next 3 questions. (Question 2 of 3) At the end of January, the unadjusted trial balance of Vernon, Inc., included the following accounts: ACCOUNT Debit Sales (80% represent credit sales) Accounts Receivable $110.000 Allowance for Doubtful Accounts $2.000 Refer to the above data. Vernon estimates bad debts expense to be 2% of credit sales. What is the amount of Bad Debts expense recognized in Vernon's income statement for January? CA $2,200 $1,520 c. $2,400 $3.280 None of the above Use the following data for the next 3 questions. (Question 3 of 3) At the end of January, the unadjusted trial balance of Vernon, Inc., included the following accounts: ACCOUNT les (80% represented sales) Account Rech $110.000 Allowance for D A Refer to the above data. Vernon estimates bad debts expense to be 2% of credit sales. After the adjusting entry is made, the net realizable value of Vernon's accounts receivable in the January 31 balance sheet is: A None of the above $106.720 $107.600 D. $117,600 E $108,480