The Accounts Receivable balance for Computer Co. is $70,000 as of December 31st. Before calculating and recording Bad Debt Expense for the year, the Allowance for Bad Debts has a credit balance of $80. Credit sales for the year were $65,000. In the past, 3% of net credit sales have proved uncollectible. An aging of Computer Co's Accounts Receivable results in a $2,000 estimate for the Allowance for Bad Debt. There were no write-offs during the year. Assume Computer Co. uses the aging of receivables method. What is the balance in the Allowance for Bad Debts after Computer Co. records its adjustment entry relating to Bad Debt Expense? $2,030 $2,000 $1.920 $1,950