11. The following data is taken from the financial reports of Dec 31st, 2019: Accounts Receivable, Net - $732,000 Allowance for Doubtful Account - $30,500 Sales $2,000,000 The company's sales are 30% in cash and the rest on account (credit sales). During 2019 the company collected $1,100,000 from its credit customers. On Dec 31st. 2018, Gross A/R balance was $480,000. The company wrote-off accounts during 2019 and applies the allowance method to handle collection issues. The balance sheet method is used to estimate the amounts for the allowance method consistently over the last five years (the % used is the same over time). What is the amount of bad debts expense recognized on 2019 income statement? a. $28,800 b. $28,000 C. $11,300 d. $6,000 e. $6,800