On December 31, 2019 Before Adjusting Entries, Accounts Receivable for Atlanta

On December 31, 2019 before adjusting entries, Accounts Receivable for Atlanta Company had a debit balance of $600,000, and the Allowance for Doubtful Accounts had a credit balance of $18,000. Credit sales for the year were $4,800,000.
If credit losses are estimated at 1% of credit sales:

A) The balance of the Allowance for Doubtful Accounts will be $30,000 after adjustment.
B) The balance of the Allowance for Doubtful Accounts will be $66,000 after adjustment.
C) The balance of the Allowance for Doubtful Accounts will be $48,000 after adjustment.
D) Bad Debts Expense for the year will be $66,000.