E8-14 Using Financial Statement Disclosures to Infer Bad Debt Expense LO 8-2 Sears Holdings Corporation The annual report for Sears Holdings Corporation contained the following information: (in millions) 2016 2015 $455 Accounts Receivable Allowance for Doubtful Accounts Accounts Receivable, Net $455 35 420 430 Assume that accounts receivable write-offs amounted to S1 during 2016 and $9 during 2015 and that Sears did not record any recoveries. Required: Determine the Bad Debt Expense for 2016 based on the above facts