Can someone help me with this problem and show the steps taken in order to solve it?

At the beginning of 2019, Elliott, Inc. has the following account balances: Accounts Receivable Allowance for Bad Debts $8,000 (credit balance) Bad Debts Expense $40,000 (debit balance) $0 During the year, credit sales amounted to $800,000. Cash collected on credit sales amounted to $760,000, and $17,000 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 O A. $8,000 O B. $19,000 O C. $11,000 O D. $17,600