Howdy! I need help answering the following question! I have included a screen shot with all the information given. If someone could help me out that would be great:)

On December 31, 2018, SPK Inc reported the following information on its balance sheet: Accounts Receivables $950,000 Allowance for Doubtful Accounts $ 54,000 cr During 2019, the company had the following transactions related to receivables: Credit Sales $3,450,000 Collections on Account $2,985,000 Accounts deemed uncollectible and written off $ 72,000 Collection on accounts previously written off accounts $ 14,000 Assume instead, that bad debts are estimated to be 4% of year end receivables, the amount of Bad Debt Expense recorded for 2019. O A. $53,700 O B. $57,720 O C. $52,600 O D. $56,600 O E. $61,720