A newly created design business, Ter's Art, is finishing its first year of operations. During the year, credit sales were $43,000 and collections of credit sales were $36.000. One account for $625 was written off. Tori's Art uses the aging-of-receivables method to account for bad debts expense. It has estimated $300 as uncollectible at year-end. What is the amount of the Bad Debts Expense for the first year of operations? CE A $300 OB $625 OC $925 D. $6,075