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 5% of net credit sales will be uncollectible for the year 2019. Net credit sales for the year amounted to $270,000. What is the amount of Bad Debts Expense reported on the income statement for 2019? No. O A. $16,500 O B. $6,750 C. $10,500 O D. $13,500