Pineapple Company has recorded bad debts expense in the past at a rate of 1.5% of net sales. In 2021, Pineapple decides to increase the estimate to 2%. If the new rate has been used in prior years, cumulative bad debts expense would have been P380,000 instead of P285,000. In 2021, bad debts expense will be P120,000 instead of P90,000. What amount of bad debts should the company report in its statement of comprehensive income as a result of a change in the estimate? P.S. Answer is not 95,000

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A: Assemble the desired data, for the given headings.

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A: Following is the answer to the given question

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A: The answer is stated below:

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A: Hello. Since your question has multiple parts, we will solve the first question for you. If you want…

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A: Answer is option c) 23,000

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