Tulsa Company uses the percent $-$ of $-$ receivables method to determine bad debts expense. Given the following information, determine the amount of bad debts expense.

Balance in Accounts Receivable

Balance in Allowance for Bad Debts $($credit$)$

Net Credit Sales

Estimated percent of uncollectible receivables

$$740,000$

$$8,000$

$$800,000$

$3\%$

A$.$ $$16,000$

B$.$ $$24,000$

C$.$ $$22,200$

D$.$ $$14,200$