Creek Co. uses the percentage of credit sales method in determining its bad debt expense. The following information comes from the accounting records of Creek Co.: Cash sales Credit sales Total sales Credit balance in the Allowance for Doubtful Accounts Bad debt loss rate $ 210,000 790,000 1,000,000 3,500 38 What is the estimate of bad debt expense? Multiple Choice $27,200 O o $23,700 O $26,500 O O $30,000