(Chapters 4,5,6) Saved Help Save & Ext Sut Flyer Company has provided the following information prior to any year-end bad debt adjustment Cash sales, $163,000 Credit sales, $463,000 Selling and administrative expenses. $123,000 Sales returns and allowances, $43,000 Gross profit, $503,000 Accounts receivable, $235,000 Sales discounts, $27,000 Allowance for doubtful accounts credit balance, $2,500 Flyer estimates bad debt expense assuming that 2% of credit sales have historically been uncollectible. How much is Flyer's bad debt expense? $6,760 $10.020. $9,260