ABC Co$.$ sells its products to customers on a credit basis. An adjusting entry for bad debt expense is recorded only at December $31,$ the company's fiscal year$-$end. The $2023$ Balance Sheet disclosed

the following

Current assets: $ $467,000$

Receivables, net of allowance for uncollectible accounts of $$37,000$

During $2024,$ credit sales were $$1,785,000,$ cash collections from customers $$1,865,000,$ and $$42,000$ in accounts receivable were written off. In addition, $$3,700$ was collected from a customer whose account was written off in $2023.$ Bad debt expense is estimated by adjusting the allowance for uncollectible accounts to the balance that reduces the carrying value of accounts receivable to the amount of cash expected to be collected. The allowance for uncollectible accounts is estimated

to be $10\%$ of the year$-$end balance in accounts receivable.

Determine the bad debt expense for $2024.$