Use the following to answer questions 28-29: 12/31/2016 $525,000 (45.000) $480.000 Accounts receivable Allowance Cash realizable value During 2017, sales on account were $145,000 and collections on during 2017; the company wrote off $8,000 in uncollectible accounts. An analysis of outstanding receivable accounts at year end indicated that bad debts should be estimated at $54,000. account were $86,000. Also 28. The change in the cash realizable value from the balance at 12/31/2016 to 12/31/2017 was a A) $50,000 B) $59,000 C) $42,000 D) $51,000 29. Bad debts expense for 2017 is: A) $17,000 B) $9,000 C) $54,000 D) $1,000