Alpha Ltd. uses the aging of accounts receivable method to arrive at an estimate of bad debt expense. After classifying its accounts receivable by how long the receivable has been outstanding, or age of the receivable, it prepares the following aging schedule: Days Past Due Not Yet Due Total AR Balance 1-30 31-60 61-90 Over 90 $ 250 300 $ 1,200 1,340 200 2.000 $ 800 S $ 500 Customer Aaron, R. Baxter, T. Clark, J. David, A. Zak, R. Total % Uncollectible $ 250 S 2,840 $ 3,500 $ 200 $ 1,570 $ 8,360 200 830 740 $ 1,200 1% $ 2,550 $ 1,830 4% 10% $ 1,540 25% $ 1.240 40% Estimated uncollectible amount? REQUIRED:Calculate bad debt expense for the current year assuming that the Allowance for Doubtful Accounts currently has a $1,000 credit balance