At December 31, ABC Company had account balances in Accounts Receivable of $312,000 and in Allowance for Uncollectible Accounts of $920 (credit) before any adjustments. An analysis of ABC Company'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

• $13,781.

• $15,600.

• $14,680.

• $16,520.