3.33 pts Question 34 Table 5 On December 31, Grubbs Company has the following account balances Accounts receivable $330,000 Allowance for doubtful accounts 4,500 credit Net credit sales 1,500,000 Assuming Grubbs estimates 2% of its net credit sales will be result in uncollectible accounts, under the percentage of sales method (income statement method), bad debt expense for the period would be $25,500 $30,000 $34,500 $35,000