8. Cary Inc. reported net credit sales of $360,000 for the current year. The unadjusted credit balance In its Allowance for Doubtful Accounts is $650. The company has experienced bad debt losses of 1% of credit sales in prior periods. Using the percentage of credit sales method, what amount should the company recoro as an estimate of Bad Debt Expense? O $2,600 O $1.950 O $3,600 O $4,250