Based on the following information for calendar 2021: Accounts receivable, January 1 Credit sales during the year Allowance for doubtful accounts, January 1 $125,000 1,400,000 15,000 1,350,000 Cash collected on accounts receivable during the year If the allowance for doubtful accounts is estimated at 10% of the ending accounts receivable balance, what is the bad debts expense for 2021? A. $1,500 OB. $17,500 OC. $2,500 OD. $9,500