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 270,000 cash sales credit sales Total sales Credit balance in the Allowance for Doubt fu Accounts Bad debt loss rate 730,000 1,000,000 8,000 3% What is the estimate of bad debt expense? Multiple Choice $21,900 $30,000 $29,900 $22,000