Question: YM Company determines the allowance for doubtful accounts by aging its accounts receivable. At the end of 2012, the balance in the allowance account was

YM Company determines the allowance for doubtful accounts by aging its accounts receivable. At the end of 2012, the balance in the allowance account was $50,000. During 2013, YM wrote off $5,000 and collected a $3,000 receivable that had been previously written off as uncollectible. At the end of 2013, the aging schedule indicated that the balance of the allowance for doubtful accounts should be $64,000.
Required:
How much is the bad debts expense for 2013?

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