On December $31,2021,$ a company reported the following information on its balance sheet:

Accounts receivable $$1,005,600$

Less: Allowance for Doubtful Accounts $55,200($cr$.)$

During $2022,$ the company had the following transactions related to receivables:

Sales on account $$3,600,000$

Collections of accounts receivable $3,254,400$

Write$-$offs of accounts determined to be uncollectible $37,800$

Recovery of prior write$-$offs $7,900$

If the company estimates $3\%$ of credit sales will not be collected, the balance in the allowance for bad debt account $($after adjustment$)$ would be:

Select one:

a$.$ None of these options are correct

b$.$ $$125,400$

c$.$ $$108,000$

d$.$ $$133,300$

e$.$ $$117,500$