The Green House Emporium estimates that the risks inherent in a pool of accounts receivable may result in $8,300 becoming uncollectible during the lifetime of those receivables. How will the company record that expected loss amount in the companys financial statements? A.It will recognize an allowance for doubtful accounts on the balance sheet and an offsetting provision for bad-debt expense on the income statement B.It will reduce net accounts receivable on the balance sheet and net sales on the income statement by the amount of the expected loss C.It will reduce net sales on the income statement by the amount of the expected loss, which will reduce gross profit. D.It will reduce the amount of each account receivable in the pool by its share of the expected loss, and report lower gross accounts receivable on the balance sheet.