Alderwood Company has provided the following information prior to any year-end bad debt adjustment: - Cash sales, $462,000 . Credit sales, $1,386,000 Selling and administrative expenses, $366,000 Sales returns and allowances, $126,000 . . Gross profit, $1,506,000 Accounts receivable, $366,000 . . Sales discounts, $78,000 Allowance for doubtful accounts credit balance, $4,080 . Alderwood estimates bad debt expense assuming that 1.5% of credit sales have historically been uncollectible. How much is Alderwood's bad debt expense