the bad debts expense is incorrect please fix

- Your answer is partially correct. Here is information related to Novak Corp. for 2022. Total credit sales Accounts receivable at December 31 Bad debts written off $1,920,000 1,075,200 47,360 (a) What amount of bad debt expense will Novak Corp. report it it uses the direct write-off method of accounting for bad debts? Bad debts expense $ 47360 (b) Assume that Novak Corp. decides to estimate its bad debt expense based on 4% of accounts receivable. What amount of bad debt expense will the company record if Allowance for Doubtful Accounts has a balance of $3,840? Bad debts expense $ 86528