As of December 31, 2015, Gill Co. reported accounts receivable of $217,000 and an allowance for uncollectible accounts of $9,300. During 2016, accounts receivable increased by $23,200, including $7,550 in bad debts that were written off. An analysis of Gill Co.'s December 31, 2016, accounts receivable suggests that the allowance for uncollectible accounts should be 3% of accounts receivable. Bad debt expense for 2016 would be: Multiple Choice $5,456 . None of these answer choices are correct. O $7,550 O $7,206