A company began operations on January $1,2024.$ During its first year, the company completed a number of transactions involving sales on credit, accounts receivable collections, and bad debts. These transactions are summarized as follows:

Sold $$1,348,300$ of merchandise $($that had cost $$983,600)$ on credit, terms n$/30.$

Wrote off $$19,400$ of uncollectible accounts receivable.

Received $$666,100$ cash in payment of accounts receivable.

In adjusting the accounts on December $31,$ the company estimated that $2\mathrm{.}90\%$ of accounts receivable will be uncollectible.

What is the amount required for the adjusting journal entry to record bad debt expense?

Group of answer choices

$$19,221\mathrm{.}20$

$$38,621\mathrm{.}20$

$$19,400\mathrm{.}20$

$$18,644\mathrm{.}90$

$$19,783\mathrm{.}80$