At the beginning of 2025, Elliott, Inc. has the following account balances: - $43,000 (debit balance) $5,000 (credit balance) Accounts Receivable Allowance for Bad Debts Bad Debts Expense - $0 During the year, credit sales amounted to $830,000. Cash collected on credit sales amounted to $780,000, and $15,000 has been written off. At the end of the year, the company adjusted for bad debts expense using the percent-of-sales method and applied a rate, based on past history, of 3.5%. The ending balance in the Allowance for Bad Debts is A. $5,000 B. $14,050 C. $19,050 D. $17,300