The following information is from the 2019 records of Albert Book Shop: Accounts receivable, December 31, 2019 $48,000 (debit) Allowance for Bad Debts, December 31, 2019 prior to adjustment 1,900 (debit) Net credit sales for 2019 180,000 Accounts already written off as uncollectible during 2019 15,000 Cash sales during 2019 28,500 Bad debts expense is estimated by the percentage-of-receivables method. Management estimates that 8% of accounts receivable will be uncollectible. Calculate the amount of bad debts expense for 2019. A) $5,740 B) $14,400 C) $1,940 D) $5,650