9 Required information COMP8-1 (Algo) Comprehensive Problem (Chapters 6 - 8) LO6-2, 7-2, 7-4, 8-3, 8-4, 8-5, 8-6 [The following information applies to the questions displayed below.] Complete the requirements for each of the following independent cases: Part 3 of 5 Case C 20 points 02:28:02 At the end of the current year, the unadjusted trial balance of Branco, Inc., indicated $5,833,000 in Accounts Receivable, a credit balance of $8,900 in Allowance for Doubtful Accounts, and Sales Revenue (all on credit) of $160,450,000. Based on knowledge that the current economy is in distress, Branco increased its bad debt rate estimate to 0.4 percent of credit sales. eBook Required: 1. What amount of bad debt expense should be recorded for the current year? 2. What amount will be reported on the current year's balance sheet for accounts receivable? References Bad debt expense of current year Accounts receivable of current year