Abbott Company uses the allowance method of accounting for uncollectible accounts. Abbott estimates that 2% of credit sales will be uncollectible. On January 1, the Allowance for Doubtful Accounts had a credit balance of $3,700. During the year, Abbott wrote of accounts receivable totaling $2,500 and made credit sales of $113,000. After the adjusting entry, the December 31 balance in Bad Debt Expense will be Oa. 55.960 Ob, 3.460 Oc. 52.260 Od 53.700