At December $31,$ Amy Jo's Appliances had account balances in Accounts Receivable of $$370,000$ and in Allowance for Uncollectible Accounts of $$1,360($debit$)$ before any adjustments. An analysis of Amy Jo's December $31$ accounts receivable suggests that the allowance for uncollectible accounts should be $5\%$ of accounts receivable. Bad debt expense for the year should be:

Multiple Choice

$$20,761.$

$$1,360.$

$$17,140.$

$$19,860.$