TB MC Qu. 8-74 (Algo) Kelton Incorporated reported net credit sales... Kelton Incorporated reported net credit sales of $516,000 for the current year. The unadjusted credit balance in its Allowance for Doubtful Accounts is $860. The company has experienced bad debt losses of 1% of credit sales in prior periods. Using the percentage of credit sales method, what amount should the company record as the estimated Bad Debt Expense? Multiple Choice $2,580 $6,020 $3,440 $5,360