Age Group Amount Estimated Percent Uncollectible Estimated Allowance 0-30 days $ 420,000 2 % $ 8,400 31-60 days 140,000 5 % 7,000 61-120 days 100,000 10 % 10,000 Over 120 days 120,000 20 % 24,000 Allowance for uncollectible accounts $ 49,400 The company has a pre-adjustment credit balance of $5,000 in its Allowance for Uncollectible Accounts at December 31, Year 2. Using the balance sheet approach, what amount of Bad Debt Expense should Glenview report for Year 2?
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