Use the following information to answer the next 2 questions At December 31, 2017 before any…

Use the following information to answer the next 2 questions At December 31, 2017 before any year-end adjustments, the Accounts Receivable balance of Sunset Hills Clinic is $235,000. Credit sales for the 2017 are $600,000, and allowance for bad debt has a $6,500 beginning credit balance. Sunset Hills prepares the following aging schedule for accounts receivable: Age Amount Estimated Uncollectible | 0–30 Days $110,000 0.50% 31-60 Days $60,000 1.00% | 61-90 Days $50,000 6.00% Over 90 Days $15,000 40% 36. Calculate the balance in the allowance for bad debt on December 31, 2017 assuming Sunset Hills Clinic estimates that 1% of credit sales will be uncollectible: a. $6,000 b. $10,150 c. $12,500 d. $16,650