Wellington Corp. has outstanding accounts receivable totaling 2.54 million as of December 31 and sales on credit during the year of 12.8 million. There is also a debit balance of 6,000 in the allowance for doubtful accounts. If the company estimates that 1% of its net credit sales will be uncollectible, what will be the balance in the allowance for doubtful accounts after the year-end adjustment to record bad debt expense? a. 25,400 b. 134,000 c. 31,400 d.122,000