(5 points) At the beginning of the year, King Co. reports gross accounts receivable of $140,000 and net accounts receivable of $120,000. Sales on account during the year equaled $1,000,000. At the end of the year King Co. determines that its allowance for doubtful accounts should be $25,000 and therefore accrues $24,800 of bad debts expense. Compute the amount of write-offs during the year.