A&B Foods Data for the year ended December 31 are presented below. Sales (100% on credit) $2,100,000 150,000 Sales returns Accounts Receivable (December 31) 420,000 Allowance for Doubtful Accounts (Before adjustment at December 31) 25,000 Estimated amount of uncollected accounts based on an aging analysis 75,000 Refer to A&B Foods. If the company estimates its bad debts at 4% of net credit sales, what amount will be reported as bad debt expense? O a. 584,000 Ob. 50,000 Oc. $75,000 Od. 578.000