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:

$$

$$Accounts receivable$$375,000$debitAllowance for uncollectible accounts$500$debitNet Sales$800,000$credit

All sales are made on credit. Based on past experience, the company estimates that $0\mathrm{.}6\%$ of net credit sales are uncollectible. What amount should be debited to Bad Debts Expense when the year$-$end adjusting entry is prepared?

Multiple Choice

$$1,275$

$$1,775$

$$4,500$

$$4,800$

$$5,500$