QUESTION 4 Libre, Inc. has experienced bad debt losses of 5% of credit sales in prior periods. At the end of the year, the balance of Accounts Receivable is $123.000 and the lowance for Doubtful Account has an adjusted credit balance of $1650. Net credit sales during the year were $196,000. Using the percentage of credit sales method, what is the estimated Bad Debt Expense for the year? $300 $6150 39800 $10,300 QUESTIONS