Use the following information about Heart Corporation to answer the next four questions. The Accounts Receivable balance for Heart Corporation is $180,000 at January 31, 2021. Before calculating and recording January 2021 bad debt expense, the Allowance for Doubtful Accounts has a debit balance of $2,000. Net sales for the month are $700,000. An aging of accounts receivable results in a $13,000 estimate for the Allowance for Doubtful Accounts as of January 31, 2021. In the past several years, 2% of net sales have proven uncollectible. 1. If Heart uses the analysis of receivables method, Bad Debt Expense on the January 2021 Income Statement will be: a. $12,000. b. $13,000 c. $14,000 d. $15,000. 2. If Heart uses the analysis of receivables method, the Allowance for Doubtful Accounts reflected on the January 31, 2021 Balance Sheet will be: a. $12,000. b. $13,000. C. $14,000 d. $15,000. 3. If Heart uses the percent of sales method, Bad Debt Expense on the January 2021 Income Statement will be: 2. $12,000. b. $13,000 c. $14,000 d. $15,000 4. If Heart uses the percent of sales method, the Allowance for Doubtful Accounts reflected on the January 31, 2021 Balance Sheet will be a. $12,000. b. $13,000 c. $14,000 d. $15,000