Total sales for the current year of: $880,000, including $120,000 in cash sales. Accounts receivable balance at Dec. 31 of the current year: $200,000 Bad debts written off during the current year: $2,800 Credit balance of Allowance for Doubtful Accounts at January 1 of the current year: $2300 What amount of bad debts expenses should appear in the current income statement? Assuming Quick Draw estimates bad debts will be: (a) About 1.5% of credit sales. (b) About 5% of accounts receivable. O a a) $11400 b) $44000 a) $11400 b) $10500 a) $13200 b) $10000 a) $13200 b) $10500 O b Oc Od