As of December 31, Mexicali Co. has a $1,800,000 balance in gross accounts receivable and a credit balance in the allowance of $15,000. The company made sales on credit during the year of $30,000,000. There were no write-offs during the year and the company estimates that 6% of its total outstanding receivables will be uncollectible. What amount of bad debt expense should recognized for the year? O 1,800,000 108,000 93,000 O 123,000 O 15,000