Assume a firm uses the Percentage of Receivables Method to estimate its bad debt expense. If sales are $100,000 and the aging schedule indicates that $5,000 of accounts receivable are estimated to be uncollectible, how much bad debt expense will the firm record if the allowance for doubtful accounts (AFDA) has a balance of $2,000 before any adjustment? $2,000 $3,000 $5,000 $7,000