Net sales for the month are $800,000, and bad debts are expected to be 1.5% of net sales. The company uses the percentage-of-sales basis. If Allowance for Doubtful Accounts has a credit balance of $15,000 before adjustment, what is the balance after adjustment? Select one: a. $ 31,000. b. $ 15,000. C. $ 27,000. d. $ 23,000