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MC Qu. 77 San Mateo Company had the following account... San Mateo Company had the following account balances at December 31, 2016, before recording bad debt expense for the year Accounts recelvable Allowance for uncollectible accounts (credit balance) Credit sales for 2016 $1,400,000 22,000 1,950,000 San Mateo is considering the following approaches for estimating bad debts for 2016 Based on 3% ot credit sales Based on 6% of year-end accounts receivable What amount should San Mateo charge to bad debt expense at the end of 2016 under each method? Percentage of credit sales $ 36,500 $ 58,500 $58,500 $117000 Percentage of accounts receivable $62,000 $62,000 $84,000 $95,000 C. Option A O Option B O Option C Option D