On December 31, 2015, a company reported the following information on its balance sheet:

Accounts receivable $838,000

Less: Allowance for Doubtful Accounts 46,000 (cr.)

During 2016, the company had the following transactions related to receivables:

Sales on account $3,000,000

Collections of accounts receivable 2,712,000

Write-offs of accounts determined to be uncollectible 31,500

Recovery of prior write-offs 6,600

Using the information from above...

Now assume, if the company estimates 4% of receivables to be uncollected, the bad debt expense for 2016 would be

A.	$35,330
	B.	$22,680
	C.	$43,780
	D.	$33,520
	E.	None of the above