Mcdowell Inc. uses the percentage of credit sales method to estimate Bad Debt Expense. The company reported net credit sales of $660,000 during the year. Mcdowell has experienced bad debt losses of 3% of credit sales in prior periods. At the beginning of the year, Mcdowell has a credit balance in its Allowance for Doubtful Accounts of $5,600. No write-offs or recoveries were recorded during the year. What amount of Bad Debt Expense should Mcdowell recognize for the year? Multiple Choice $19,800. $5,600. $14,200. $25,400