Blossom Company unadjusted trial balance includes the following balances (assume normal balances): • Accounts Receivable $1130000 • Allowances for Doubtful Accounts $21400 Bad debts are estimated to...

Blossom Company unadjusted trial balance includes the following balances (assume normal balances):

Bad debts are estimated to be 5% of outstanding receivables. What amount of bad debt expense will the company record?

$56500

$35100

$33822

$57678