The data presented below are for Mellon Corporation for the year ended December 31, 2017: Sales (100% on credit) Sales returns $1,500,000 60,000 Accounts receivable (December 31, 2017) 250,000 Allowance for doubtful accounts (credit balance) (before adjustment at December 31, 2017) Estimated amount of uncollectible accounts based on an aging analysis 3,000 31,000 Refer to the data for Mellon Corporation. If Mellon uses 2% of net credit sales to estimate its bad debts, what will be the balance in the Allowance for Doubtful Accounts account after the adjustment for bad debts? Oa. $31,800 Ob. $27,000 Oc. $25,800 Od. $33,000