During the year, Company had net credit sales of $41,000 At the end of the year, before adjusting entries, the balance in Accounts Receivable was $13,000(debit) and the balance in Allowance for Bad Debts was $660(credit). If the company uses an income statement approach to estimate bad debts at 2% what is the ending balance in the Allowance for Bad Debts account?

A.$ 1,480

B.$ 920

C.$ 820

D.$ 160