Question: Correct answer is 2 0 , 0 0 0 . Please show me how. At December 3 1 , year 1 . Discoumt Taco Supply

Correct answer is 20,000. Please show me how. At December 31, year 1. Discoumt Taco Supply reported accounts receivable of $700,000 and an vllowance for uncollectible accounts of $50,000. During year 2, sales on account tocaled 5850.000. collections totaled $720,000, and $30,000 of bad debts were written off. On December 31 of year 2 it is. Figsesed that the allowance for uncollectible accounts should be 5% of accounts receivable. Bad debs expense for year 2 would be:
\table[[Q.520.000],[E. $10.000
Correct answer is 2 0 , 0 0 0 . Please show me

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