In 2020, Bayside Company had credit sales of $1,050,000 and granted sales discounts of $25,000. On January 1, 2020, Allowance for Doubtful Accounts had a debit balance of $26,400. During 2020, $3,000 of uncollectible accounts receivable were written off. Past experience indicates that 3% of net credit sales become uncollectible. What should be the adjusted balance of Allowance for Doubtful Accounts at December 31, 20207 O a. S10,150 Ob.$150 OC $1,350 d. $2,500 QUESTION 3 In 2020, Silver Spring had net credit sales of $850,000. On January 1, 2020, Allowance for Doubtful Accounts had a credit balance of $18,000. Past experience indicates that the allowance should be 10% of the balance in receivables (percentage of receivable basis). If the accounts receivable balance at December 31 was $260,000, what is the required adjustment to the Allowance for Doubtful Accounts at December 31, 2020? O a. $178,000 O b. $160,000 OC $8,000 O d. $16.000