Aspen Corporation Data for Aspen Corporation for the Year Ended December 31

Aspen Corporation
Data for Aspen Corporation for the year ended December 31, 2012, are presented below.

-Refer to the data provided for Aspen Corporation. If Aspen uses 8% of accounts receivables to estimate its bad debts, what will be the balance in the Allowance for Bad Debts account after the adjustment for bad debts?

A) $ 33,600
B) $ 25,000
C) $ 8,600
D) $ 50,000