Lewis Co. had sales of $100,000 in the year 2018. At the end of 2018, Lewis estimated that 5% of the sales will be uncollectable. The allowance for doubtful accounts had a previous credit balance of $20,000 before the adjusting entries. What should be the balance of the allowance for doubtful accounts after adjusting entries for bad debt expense?

	$20,000
	$40,000
	$15,000
	$25,000