Flyer Company has provided the following information prior to any year-end bad debt adjustment:
	Cash sales, $168,000
	Credit sales, $468,000
	Selling and administrative expenses, $128,000
	Sales returns and allowances, $48,000
	Gross profit, $508,000
	Accounts receivable, $285,000
	Sales discounts, $32,000
	Allowance for doubtful accounts credit balance, $3,000
Flyer estimates bad debt expense assuming that 1% of credit sales have historically been uncollectible. How much is Flyers bad debt expense?

A. $7,680

B. $3,360

C. $4,680

D. $1,680