COW? The data presented below is for Mellon Corporation for the year ended December 31, 2015: Sales (100% on credit) $1,500,000 Sales returns 60,000 Accounts Receivable (12/31/15) 250,000 Allowance for Doubtful Accounts (Before adjustment at 12/31/15) 3,000 Estimated amount of uncollectible accounts based on an aging analysis 31,000 If Mellon estimates its bad debts at 2% of net credit sales, what amount will be reported as bad debt expense for 2015? $25,800 $27,000 $28,800 $30,000