The following information relates to a company's accounts receivable: gross accounts receivable balance at the beginning of the year, $325,000; allowance for uncollectible accounts at the beginning of the year, $35,000 (credit balance); credit sales during the year, $900,000; accounts receivable written off during the year, \$15,000; cash collections from customers, \$850,000. Assuming the company estimates bad debts at an amount equal to 3% of credit sales. What is the bad debt expense for the year? Answers A - D A $27,000 B $9,750 C $15,000 D $35,000