17. At the beginning of 2017, Brady, Inc. has the following account balances: Accounts Receivable $43,000 (Debit) Allowance for Bad Debts $6,000 (Credit) Bad Debts Expense $0 During the year, credit sales amounted to $830,000. Cash collected on credit sales amounted to $750,000, and $16,000 has been written off. At the end of the year, the company adjusted for bad debts expense using the percent-of-sales method and applied a rate, based on past history, of 2.5%. The amount of bad debts expense for 2017 is O A. $16,000 Credits O B. $40,575 O C. $10,750 O D. $20,750