The 2011 annual report for Sears Holding Corporation contained the following information:
(in millions) 2011 2010
Accounts Receivable.................................... $719............. $691
Allowance for Doubtful Accounts....................... 36................ 39
Accounts Receivable, Net.............................. $683............ $652
Assume that accounts receivable write-offs amounted to $13 during 2011 and $3 during 2010, and that Sears did not record any recoveries.
Required:
Determine the Bad Debt Expense for 2011 based on the above facts.