At the beginning of 2025, Patriots, Inc. has the following account balances: Accounts Receivable - $43,000 (Debit) Allowance for Bad Debts - $5,000 (Credit) Bad Debts Expense - $0 During the year, credit sales amounted to $820,000. Cash collected on credit sales amounted to $780,000 and $18,000 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 amount of bad debts expense for 2025 is A. $18,000 B. $15,700 C. $57,505 D. $28,700