The Allowance for Bad Debts account has a credit balance of $3,000 before the adjusting entry for bad debts expense. The company's management estimates that 3% of net credit sales will be uncollectible for the year 2019. Net credit sales for the year amounted to $290,000. What is the amount of Bad Debts Expense reported on the income statement for 2019? O A. $8,700 OB. $11.700 OC. $5.700 OD. $4,350 Click to select your answer. Next