Prior to being united in a business combination, botkins inc. and volkerson corp. had the following stockholders' equity figures: botkins volkerson common stock ($1 par value) $220,000 $54,000 additional paid in capital 110,000 25,000 retained earnings 360,000 130,000 botkins issued 56,000 new shares of its common stock valued at $3.25 per share for all of the outstanding stock of volkerson. assume that botkins acquired volkerson on january 1, 2017. immediately afterwards, what is the value of the consolidated common stock

Johnson company uses the allowance method to account for uncollectible accounts receivable. bad debt expense is established as a percentage of credit sales. for 2018, net credit sales totaled $6,400,000, and the estimated bad debt percentage is 1.40%. the allowance for uncollectible accounts had a credit balance of $61,000 at the beginning of 2018 and $49,500, after adjusting entries, at the end of 2018.required: 1. what is bad debt expense for 2018 as a percent of net credit sales? 2. assume johnson makes no other adjustment of bad debt expense during 2018. determine the amount of accounts receivable written off during 2018.3. if the company uses the direct write-off method, what would bad debt expense be for 2018?