A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company's unadjusted trial balance reported the following selected amounts:

Accounts receivable	$	355,000	debit
Allowance for uncollectible accounts		500	debit
Net Sales		800,000	credit

All sales are made on credit. Based on past experience, the company estimates that 0.6% of net credit sales are uncollectible. What amount should be debited to Bad Debts Expense when the year-end adjusting entry is prepared?

O $1,630 O $2,630 $4,300 O $5,300 O 54.800 $4,800