Alderwood Company has provided the following information prior to any year-end bad debt adjustment: Cash sales, $470,000 Credit sales, $1,410,000 Selling and administrative expenses, $390,000 Sales returns and allowances, $150,000 Gross profit, $1,530,000 Accounts receivable, $390,000 Sales discounts, $102,000 Allowance for doubtful accounts credit balance, $4,400 Alderwood prepares an aging of accounts receivable and the result shows that 5% of accounts receivable is estimated to be uncollectible. How much is bad debt expense