The Allowance for Bad Debts has a credit balance of $8,500 before the adjusting entry for bad debts expense. After analyzing the accounts in the accounts receivable subsidiary ledger using the agingof receivables method, the company's management estimates that uncollectible accounts will be $18,000. What will be the amount of Bad Debts Expense reported on the income statement?

A.$18,000

B.$26,500

C.$9,500

D.$8,500