GCM Corporation had a 1/1/14 balance in the Allowance for Doubtful Accounts of $25,000. During 2014, it wrote off $18,000 of accounts and collected $5,250 on accounts previously written off. The balance in Accounts Receivable was $500,000 at 1/1 and $600,000 at 12/31. At 12/31/14, GCM estimates that 5% of accounts receivable will prove to be uncollectible. What should GCM report as its Allowance for Doubtful Accounts at 12/31/14?a. $12,000.b. $12,250.c. $17,250.d. $30,000.