The data below is for Betts Corporation for the year. If the aging approach is used to estimate bad debts, determine the bad debt expense for the year. Select one: A. $48,600 B. $48,000 C. $52,200 D. $59,400 Wilson Company agrees to transfer cash to Davis Company immediately upon deposit of that company's credit card sales recelpts, wilson company charges 2% of card sales as its fee. If Davis Company deposits $3.42.000 credit card sales receipts, which of the following statements are true? Select one: A. Wilson Company will recelve $342,000 cash from Davis Company. B. Davis Company will recelve $342,000 cash from Wilson company. C. Wilson Company will pay Davis Company a $6.840 credit card fee. D. Davis Company will receive $335,160 cash from Wilson Company