The following information pertains to Lindsey Corp. at the end of the year: Credit Sales $152,500 Accounts Payable 21,000 Accounts Receivable 30,500 Allowance for Uncollectible Accounts 700 debit Cash Sales 9,900 Lindsey Corp. uses the percentage-of-credit-sales method and estimates that 7% of the credit sales are uncollectible. After the year-end adjustment, what amount of bad debt expense would Lindsey report for the year? Multiple Choice $10,675. $13,175. $9,975. $11,375.