As of December 31, 2023the last day of the 2023 fiscal year (2023 FY), Costello Corporation has an Allowance for doubtful accounts balance of $16,300. During its 2022 FY, Costello Corp. applies the percent of sales method to estimate Bad debt expense for which it estimates that 9% of its $6,000,000 of credit sales during the 2022 FY will be uncollectible. Several days into its 2023 FY, Costello Corp. decides to start using the aging of receivables method to estimate bad debt expense without restating any accounting numbers already reported for prior periods. As a result of the change in accounting method, Costello Corp. analyzes its customer accounts at the end of the 2023 FY, which results in the following information. 100 Account age (days) 35-73 74-79 80-100 $ 80,000 $ 24,500 $ 21,200 5.5% 10% 25.0% Account balances % uncollectible $ 230,000 1.0% $ 60,300 95% Finally, the company writes-off $8,900 of its accounts during the 2023 FY. How much Bad debt expense will Costello Corp. recognize on its 2023 income statement? Please provide a dollar amount in the corresponding answer box on the answer sheet