Ericsson Company has a credit balance of $5,000 in its Allowance for Doubtful Accounts before any adjustments are made at the end of the year. Ericsson estimates that $60,000 of its receivables are uncollectible. The amount of bad debt expense which should be reported for the year is: Select one: 0 a. The answer does not exist b. $60,000. o C. $5,000. d. $55,000. e. $65,000