Dodge Company had the following information relating to its accounts receivable at December 31, 2002, and for the year ended December 31, 2003: V Accounts racelvablerbalamcerateul2/ Oil) O2 sete wencme vse ceretsnci crete ete ete tcl elleteretteltelestcitelleirene $ 900,000 Y Allowance for bad debts at 12/31/02 (credit balance).............--.0.- ee eeu. 50,000 ossisales GunInG 2003 (allgenedit)i =. 1 «- eergabiponeds: ci MbNb I = eter slo taurine 5,000,000 oR es iRoinn@UPolanetes WLM Ne) AN0biat ogoom corre eb one ode ee pds osu ao Cone 4,500,000 Accounts written off as uncollectible during 2003 ..............- sees 60,000 //Estimated uncollectible receivables at 12/31/03 .......-.. 22-0 eee eee eee 110,000 Dodge Company uses the fi entara.ceccvable method to estimate bad debt expense. 1. At December 31, 2003, what is the balance of Dodge Company’s Allowance for Bad Debts? What is the bad debt expense for 2003? 2. At December 31, 2003, what is the balance of Dodge Company’s gross accounts receivable?