• XYZ Co. prepared an aging of its accounts receivable at December 31, 2017 and determined that the net realizable value of the receivables was $900,000. Additional information is available as follows:

  Allowance for uncollectible accounts at 1/1/17credit balance $102,000

  Accounts written off as uncollectible during 2017 $69,000

  Accounts receivable at 12/31/17 $975,000

  Uncollectible accounts recovered during 2017 $15,000

  For the year ended December 31, 2017, XYZ's bad debt expense would be

• $75,000.

• $69,000.

• $48,000.

• $27,000.