Abbott Company uses the allowance method of accounting for uncollectible accounts. Abbott estimates that 2% of credit sales will be un collectible. On January 1, the Allowance for Doubtful Accounts had a credit balance of $3,000. During the year, Abbott wrote off accounts receivable totaling $2,200 and made credit sales of $104,000. After the adjusting entry, the December 31 balance in Bad Debt Expense will be Oa. 52,040 Ob. 52.ANO Oc. 53,000 Od. 55,00