5. The following information relates to Tuesday Company at Dec 31 : Accounts Receivable, Dec 1 16,000 Allowance for bad debts, Dec 1, 1,650 Total sales 100,000 (40% is cash sales) Sales returns 15,000 (5,000 is related to cash sales) Accounts written off during the month 1,500 Collection of accounts 50,000 Assume that the bad debts is 10% of accounts receivable, how much is the bad debts for the period? 1,650 1,600 1,450 1,300