aaaaa bonded company reported the following on its 12/31/2017 financial statements:

Accounts Receivable (net of a $16,000 Allowance) of $104,000

Consider that during 2018 Layer Cake accrued bad debt at 3% of credit sales, reported actual customer write offs of $21,000, credit sales of $800,000, and cash collections from customers as payment on account of $789,000. Additionally, the controller determined (from a detailed 12/31 aging analysis) that it would be appropriate to report the receivables on the 12/31/2018 balance sheet at a net realizable value of $88,000. What value will Layer Cake report as bad debt expense for the twelve months ended at 12/31/2018?