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Waterway Corporation's unadjusted trial balance includes the following balances (assume normal balances): Accounts Receivable $865000 Allowance for Doubtful Accounts 15000 Bad debts are estimated

Waterway Corporation's unadjusted trial balance includes the following balances (assume normal balances): Accounts Receivable $865000 Allowance for Doubtful Accounts 15000 Bad debts are estimated to be 6% of outstanding receivables. What amount of bad debt expense will the company record? $36900 O $51000 O $51900 O $15000

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