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Use the information below to answer questions 13 and 14 Palmer Corporation offers credit terms to its customers. At the beginning of 2018, accounts receivable

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Use the information below to answer questions 13 and 14 Palmer Corporation offers credit terms to its customers. At the beginning of 2018, accounts receivable totaled 5615,000. The allowance for uncollectible accounts had a credit balance of 560.000 the beginning of 2018 and 550,000 at the end. For 2018, net credit sales totaled $2.160,000 and cash collected from customers during the year was $2,230,000. At the end of 2018 after all entries were made the balance sheet reported accounts receivable in the amount of $509,000. What amount of bad debt expense did Palmer recored in its income statement for the current year? Do not include the 5 in your

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