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 Flyer prepares an aging of accounts receivable and the result shows that 2% of accounts receivable is estimated to be uncollectible. How much is bad debt expense? $2,150. $4,700. O $2,200. O $7,200