As of January 1, 2024, The Snorkeler Company had a credit balance of $536,000 in its allowance for uncollectible accounts. Based on experience, 1% of Snorkelers gross accounts receivable have been uncollectible. During 2024, Snorkeler wrote off $666,000 of accounts receivable. Snorkelers gross accounts receivable as December 31, 2024 is $18,800,000. How much bad debt expense should Snorkeler record for 2024? Group of answer choices $724,000 $58,000 None of the options listed $318,000