Assume Zap Industries reported the following adjusted account balances at year-end.

20212020Accounts Receivable$ 2,496,320$ 1,937,472Allowance for Doubtful Accounts(126,400)(103,360)Accounts Receivable, Net$ 2,369,920$ 1,834,112

Assume the company recorded no write-offs or recoveries during 2021. What was the amount of Bad Debt Expense reported in 2021?

Multiple Choice

$126,400

$103,360

$46,080

$23,040