Effective with the current year, Fateful Company adopted a new accounting method for estimating the allowance for doubtful accounts at the amount indicated by the year-end aging of accounts receivable. Allowance for doubtful accounts, January 1 250,000 Provision for doubtful accounts during the year (2% on credit sales of P10,000,000) 200,000 Accounts written off during the year 205,000 Estimated uncollectible accounts per aging, December 31 220,000 What amount should be reported as doubtful accounts expense for the current year? a. 220,000 b. 205,000 c. 200,000 d. 175,000 155