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The selected income statement data is for the year ended

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I'm trying to figure out bad debt expense. I have as given information:

Current assets: Cash and cash equivalents $4,000 $3,400
Accounts receivable (net of allowances of $32 and $28, respectively) $6,500 $5,700
Net sales (in millions) $6,020 $5,425 $5,000
Net income (in millions) $300 $285 $220

The selected income statement data is for the year ended December 31. The company also reported bad debt expense of $62,000 in 2012; $55,000 in 2011; and $49,500 in 2010.

How do I figure this out? If i use allowance method then i need to figure out the percentage not sure how to do that or if i have enough information to do that.

Reference no: EM131798756

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