D 3.33 pts Question 35 Table 5 On December 31, Grubbs Company has the following account balances Accounts receivable $330.000 Allowance for doubtful accounts 4,500 credit Net credit sales 1.500,000 Assume instead. Grubbs estimates that 10% of accounts receivable will be uncollectible. Under the percentage of receivables method (balance sheet method), bad debt expense for the period would be: $33.000 $37,500 $28,500 $32.550