Question 7 0.5 pts The Allowance for Doubtful Accounts account has a credit balance of $3000 before the adjusting entry for bad debts expense. The company's management estimates that 4% of net credit sales will be uncollectible for the year Year 4. Net credit sales for the year amounted to $260.000. What is the amount of Bad Debts Expense reported on the income statement for Year 42 O $7400 O $5200 O $10,400 $13.400