A Company uses the percentage of credit sales method to estimate Bad Debt Expense. The company reported net credit sales of $510,000 during the year. It has experienced bad debt losses of 3% of credit sales in prior periods. At the beginning of the year, the Company has a credit balance in its Allowance for Doubtful Accounts of $4,100. No write-offs or recoveries were recorded during the year. What amount of Bad Debt Expense should it recognize for the year