Question 1 (of 10) Flyer Company has provided the following information prior to any year-end bad debt adjustment: Cash sales, $160,000 Credit sales, $460,000 Selling and administrative expenses. $120,000 Sales returns and allowances. $40,000 Gross profit. $500,000 Accounts receivable. $205,000 Sales discounts, $24,000 Allowance for doubtful accounts credit balance. $2,200 Flyer estimates bad debt expense assuming that 1 of credit sales have historically been uncollectible. What Is the balance in the allowance for doubtful accounts after bad debt expense is recorded? O $6,800 $4,600 $4,000 O $2,400 acer