Business Solutions Co. Ltd. has a credit unadjusted balance of $5,000 in its Allowance for Doubtful Accounts at the end of the year. Based on an aging of its accounts receivable at the end of the year, Business Solutions Co. Ltd. estimates that $60,000 of its accounts receivables will be uncollectible. The amount of bad debt expense which should be reported for the year is? Oa. $55,000 Ob. $65,000 Oc. $60,000 O d. $5,000