Chiller Company Has Credit Sales of $5 Assuming the Company Uses the Aging of Accounts Receivable Method,what

Chiller Company has credit sales of $5.60 million for year 2013.Chiller estimates that 1.32% of the credit sales will not be collected.Historically,4% of outstanding accounts receivable is uncollectible.On December 31,2013,the company's Allowance for Doubtful Accounts has an unadjusted credit balance of $3,561.Chiller prepared a schedule of its December 31,2013,accounts receivable by age.Based on past experience,it estimates the percent of receivables in each age category that will become uncollectible.This information is summarized here:
$\begin{array}{ccc}\text { December } 31,2013 & \text { Age of Accounts } & \text { Expected Percent } \\\text { Accounts Receivable } & \text { Receivable } & \text { Uncollectible } \\ 1,095,000 & \text { Not yet due } & 0.85 \% \\322,550 & 1 \text { to } 30 \text { days past due } & 1.42 \\84,700 & 31 \text { to } 60 \text { days past due } & 7.60 \\ 50,420 & 61 \text { to } 90 \text { days past due } & 42.50 \\ 12,500 & \text { Over } 90 \text { days past due } & 81.00\end{array}$
Assuming the company uses the aging of accounts receivable method,what is the amount that Chiller will enter as the Bad Debt Expense in the December 31 adjusting journal entry?

A) $59,045.80
B) $51,878.41
C) $48,317.41
D) $70,359.00
E) $66,167.80