Assume Simple Co. had credit sales of $241,000 and cost of goods sold of $141,000 for the period. Simple uses the percentage of credit sales method and estimates that 2 percent of credit sales would result in uncollectible accounts. Before the end-of-period adjustment is made, the Allowance for Doubtful Accounts has a credit balance of $160. What amount of Bad Debt Expense would the company record as an end-of-period adjustment?