The following accounts were abstracted from Todd Company's unadjusted trial balance at December 31:

accounts receivables $800,000

allowance for doubtful accounts 10,0000

net credit sales$3,000,000

Todd Company estimates that 3% of net credit sales will become uncollectible. After adjustment at December 31, the allowance for doubtful accounts should have a credit balance of:

Select one:

a.$24,000

b.$34,000

c.$90,000

d.$80,000

e.$100,000