Abbott Company uses the allowance method of accounting for uncollectible recelvables. Abbott estimates that 3% of credit sales will be uncollectible. On January 1, Alowance for Doubtful Accounts had a credit balance of $3,500. During the year, Abbott wrote off accounts receivable totaling 52,100 and made credit sales of $107,000. After the adjusting entry, the December 31 balance in Bad Debt Expense will be a. 5.710 b. 54,610 c. 53,500 d. 54,210