On December 31, 2021, Darwin Labs Inc. had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $59,000 and $1,125, respectively. During 2022, Darwin Labs wrote off $2,350 in accounts receivable and determined that there should be an allowance for uncollectible accounts of $5,350 at December 31, 2022. Bad debt expense for 2022 would be:

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.

correct, but each time you dont pay the price of the penalty can increase.

answer; complain or request hazard correction from your employer;