On January 1, Davidson Services has the following balances: Davidson has the following transactions during January: Credit sales of $100,000, collections of credit sales of $85,000, and write-offs of $15,000. AR CB: 24000 Debit, Bad Debts Expense CB: 0 Davidson uses the direct write-off method. At the end of January, the balance in Accounts Receivable is $16,000. $24,000. $68,000. $28,000.