A company used the percent of sales method to determine its bad debts expense. At the end of the current year, the company's maduvied trial balance reported the following selected amounts Accounts Receivable $135.000 Debit Allowance for Doubtful Accounts $1,250 Debut Net Sale $2,100,000 Credit All sales are made on credit Based on peut experience, the company estimates 16 of credit sales to be collectible. Whetusting entry should the company make at the end of the current year to record it estimmed bad debts expense? Debat Bad Debes Expees 57.350, credit Allowance for Dout Accounts $7.350 ob Debat Bad Debts Expense 519,750 credit Allowance for Doubtful Accout $19,750 O Debit Bad Debts Fixprose 22.250, credit Allow ce for Doubtful Accounts 522,250 d. Debit Bad Deus Exprese 515.225;credit Allowance for Dayful Accounts 515.225 * Debit Bad Debts Expose 521,000, credit Allowance for Det Acronis $21,000