Alderwood Company has provided the following information prior to any year$-$end bad debt adjustment:

Cash sales, $$469,000$

Credit sales, $$1,407,000$

Selling and administrative expenses, $$387,000$

Sales returns and allowances, $$147,000$

Gross profit, $$1,527,000$

Accounts receivable, $$387,000$

Sales discounts, $$99,000$

Allowance for doubtful accounts credit balance, $$4,360$

Alderwood prepares an aging of accounts recelvable and the result shows that $5\%$ of accounts receivable is estimated to be uncollectible. How much is bad debt expense?

Multiple Choice

$$23,710.$

$$19,350.$

$$14,772$

$$14,990.$

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