Olympia Company has provided you with the following information before any year-end Total sales are $320,000 of which $200,000 are cash sales and $120,000 are credit sales. 2% bad debt rate on credit sales. Allowance for doubtful accounts has a credit balance of $300. Accounts receivable ending balance is $47,000. What is the estimated bad debt expense using the percentage of credit sales method? A) $2,100. (B) $2,400. C) $ 940.00 WIAD D) $4,000. E) $6,400.