As of December 31, 2017, Gill Co. reported accounts receivable of $229,000 and an allowance for uncollectible accounts of $9,300. During 2018, accounts receivable increased by $23,500, (that change includes $7,200 of bad debts that were written off). An analysis of Gill Co.'s December 31, 2018, accounts receivable suggests that the allowance for uncollectible accounts should be 2% of accounts receivable. Bad debt expense for 2018 would be: Multiple Choice O $2.950. O $7,200. O $5,050. O None of these answer choices are correct