The Allowance for Bad Debts account has a credit balance of $5,000 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 $270,000. What is the amount of Bad Debts Expense reported on the income statement for 2019? OA. OB. O C. OD, $13,100 $3,100 $8,100 $4,050