During October, Pirates LLP has credit sales of $200,000. As a result of cash collection efforts, the October 31 Aging Schedule for Pirates LLP is as follows:

Current $100,000 (1% is estimated to be uncollectible)

1-30 Days Past Due $50,000 (5% is estimated to be uncollectible)

31-60 Days Past Due $20,000 (10% is estimated to be uncollectible)

61-90 Days Past Due $10,000 (20% is estimated to be uncollectible)

Greater than 90 Days Past Due $20,000 (50% is estimated to be uncollectible)

Balance in Allowance for Doubtful Accounts on October 1: $2,000 credit

If Pirates LLC uses the % of Sales method for estimated bad debts, what is the bad debt expense for the month if the estimated % of sales that are uncollectible is 7%?

Group of answer choices

$8,000

$12,000

$10,000

$14,000