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 experise which should be reported for the year is: Select one: a. $5,000. b. $60,000 c. The answer does not exist o d. 355,000. e. $65,000