Amy Company uses the credit sales method to estimate bad debt expense. The company estimates bad debt expense to be 2% of credit sales. During 20x1, Amy recorded credit sales of $3,750,000. During the year, an accounts receivable for $17,000 was written off. Accounts receivable uncollected at the end of the year totaled $880,000. What was the bad debt expense for 20x1? a) $17,000 b) $17,600 c) $74,660 d) $75,000