The following details are taken from the books of a company for the year 2020. The company uses Percentage of Sales method to estimate its bad debts expense. Unadjusted balance of Allowance Account on December 31 OMR 800 (Dr.) Total sales during the year OMR 100,000 Bad debts is estimated to be 2% of sales How much is the amount of adjusted balance of Allowance Account on December 31? a. OMR 2,800 (Cr.) b. OMR 2,800 (Dr.) c. OMR 1,200 (Cr.) d. OMR 1,200 (Dr.)