Flyer Company has provided the following information prior to any year-end bad debt adjustment: Cash sales, $169,000 Credit sales, $469,000 Selling and administrative expenses, $129,000 Sales returns and allowances, $49,000 Gross profit, $509,000 Accounts receivable, $295,000 Sales discounts, $33,000 Allowance for doubtful accounts credit balance, $3,100 Flyer estimates bad debt expense assuming that 2.5% of credit sales have historically been uncollectible. How much is Flyer's bad debt expense? Multiple Choice $11,725. $8,625. S14,825. S12,850