Question: Current Attempt in Progress Blossom Inc. has evaluated its process of calculating estimates of uncollectible accounts receivable. In the past, Blossom calculated the Bad

Current Attempt in Progress Blossom Inc. has evaluated its process of calculating estimates of uncollectible accounts receivable. In the past, Blossom calculated the Bad Debt Expense as a percentage of sales. It recorded Bad Debt Expense at 1% of sales. Due to changes in the economic conditions. Blossom will increase that percentage to 3%. The change is made on January 1, 2025. Sales in 2023 were $1730000 and $3230000 in 2024. Sales in 2025 total $4230000. What is the Bad Debt Expense that Blossom will record for 2025? O $42300 O $166100 O $126900 O $223800

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