Flyer Company has provided the following information prior to any year-end bad debt adjustment: Cash sales. $163,000 Credit sales, $463,000 Selling and administrative expenses, $123,000 Sales returns and allowances. $43.000 Gross profit, $503,000 Accounts receivable, $235.000 Sales discounts, $27,000 Allowance for doubtful accounts credit balance. $2.500 4 Flyer estimates bad debt expense assuming that 2% of credit sales hive historically been uncollectible. What is the balance in the allowance for doubtful accounts after bad debt expense is recorded? Multiple Choice $10.020 $11.760 Flyer estimates bad debt expense assuming that 2% of credit sales have historically been uncollectible. What is the balance in the allowance for doubtful accounts after bad debt expense is recorded? Multiple Choice $10,020 $11,760 $6,760 $9.200