As of December 31, 2023, Gill Company reported accounts receivable of $228,000 and an allowance for uncollectible accounts of $9,200. During 2024 , accounts receivable increased by $23,000 (that change includes $7,750 of bad debts that were written off). An analysis of Gill Company's December 31 , 2024 , accounts receivable suggests that the allowance for uncollectible accounts should be 2% of accounts receivable. Bad debt expense for 2024 would be: Multiple Choice $3,570 $7,750 $5,020. None of these answer choices are correct