X Co.'s December 31st, 2020 Balance Sheet includes a credit balance in Allowance for Doubtful Accounts of $40,000 and debit balance in Accounts Receivable of $4 million. X estimates its bad debts as 1% of Accounts Receivable. For 2021, X had $6 million in credit sales and $5 million in cash collections. During the year, $100,000 in Accounts Receivable were written off as uncollectable. The adjusting journal entry for December 31st, 2021 will include: O Debit to Bad Debt Expense of $49,000 O Debit to Bad Debt Expense of $20,000 O Debit to Bad Debt Expense of $100,000 O Debit to Bad Debt Expense of $109,000