In 2010 Wilkinson Company had net credit sales of $1125000. OnJanuary 1 2010 All

In 2010 Wilkinson Company had net credit sales of $1125000. OnJanuary 1 2010 Allowance for Doubtful Accounts had a creditbalance of $27000. During 2010 $45000 of uncollectible accountsreceivable were written off. Past experience indicates that theallowance should be 10% of the balance in receivables (percentageof receivables basis). If the accounts receivable balance atDecember 31 was $300000 what is the required adjustment to theAllowance for Doubtful Accounts at December 31 2010?A)$ 30000B)$112500C)$ 48000D)$ 45000