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Black Company provides for bad debts expense at the rate of 2% of credit sales. The following data are available for 2017: Allowance for doubtful accounts, 1/1/17 (Cr.) $ 21,000, Accounts written off as uncollectible during 2017 is 13,000, Credit sales in 2017 is 3,500,000. The Allowance for Doubtful Accounts balance at December 31, 2017, should be O a. $70,000 O b. $13,000 O c. $78,000 O d. $62,000