On January 1, 2022, Lavazza's Accounts Receivable balance was $120,000, and the balance in the Allowance for Doubtful Accounts was a credit balance of \$6,000. During 2023, Lavazza recorded the following transactions: If Lavazza estimates 1% of credit sales to be uncollectible, the bad debt expense for 2023 would be: Select one: a. $1,300 b. $1,416 c. $1,600 d. $240 e. $1,440