The following information is available for Pirate Company: Allowance for Doubtful Accounts at December 31, 2020 Credit Sales during 2021 Accounts Receivable deemed worthless and written off during 2021 $7,000 270,000 2,800 As a result of a review and aging of Accounts Receivable in early January 2022, however, it has been determined that an Allowance For Doubtful Accounts of $7,500 is required at December 31, 2021. What amount should Pirate record as bad debt expense for calendar 2021? O $3,300 O $7,500 O $4,200 O $74,000