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$362,000 debit

Allowance for uncollectible accounts570 debit

Net Sales807,000 credit

All sales are made on credit. Based on past experience, the company estimates that 0.3% of net credit sales are uncollectible. What amount should be debited to Bad Debts Expense when the year-end adjusting entry is prepared?

A. $1,656

B. $1,851

C. $2,421

D. $516

E. $2,991