3rlef Exerelse 5-47 Percentage of Credit Sales Method Ruby Red manufactures, markets, and distributes citrus flavored soft drinks across the globe. Auby Red hired a collection agency in 2018 to increase collection rates from customers. As a result, Ruby estimates that only 2% of its 2019 credit sales will be written off, compared to the 4% of 2018 's credit sales that were estimated to be uncollectible. At Decernber 31,2019 , Fuby Red has a $12,500 credit balance in its allowance for goubthul accounts and cedit sales or $1,570,000 Required: Uee the borcentage of credit sales method to calculate the bod debt expense. x fetabia. * Ches by vioh accosintas