7. Gorp Corp. uses the percentage-of-sales method to account for uncollectible receivables. At the beginning of the year, Allowance for Bad Debts has a credit balance of $1,500. During the year Gorp Corp. writes off uncollectible receivables of $1,200. At the end of the year, Gorp Corp. has net credit sales $135,000, of which 2% are deemed uncollectible. What is Brickmans year-end balance in Allowance for Bad Debts? A. $300 B. $2,400 C. $2,700 D. $3,000