Let us assume that ABC Corporation is showing the following balances (before adjustment) as of December 31, 2020:

Accounts Receivable - General$ 350,000

Accounts Receivable - Assigned$70,000

Allowance for Doubtful Accounts$1,400 debit balance

Based on past experience, ABC estimates that 4% of total accounts receivable (general + assigned) will prove to be uncollectible.

Determine the amount of Bad Debt Expense to be reported on the Income Statement as of December 31, 2020:

A.$14,000

B.$16,800

C.$15,400

D.$18,200