Question 5 8p The following information is from the 2018 records of Armand Camera Shop: Accounts Receivable, December 31, 2018 $40,000 Allowance for Doubtful Accounts, December 31, 2018; kredit balance $1,500 Credit sales for 2018 $175,000 Cash sales during 2018 $27,000 Bad Debt Expense is estimated by the percent of sales method. The management estimates that 3% of net credit sales will be uncollectible. Calculate the amount of bad debt expense for 2018 O $5,250 O $3,450 $2.250 $2.850