At December 31, Aurora Appliances had account balances in Accounts Receivable of $1,000,000 and in Allowance for Uncollectible Accounts of $50,000 (debit) before any adjustments. The company reported $1,500,000 in net credit sales. An analysis of Aurora's December 31 accounts receivable suggests that the allowance for uncollectible accounts should be 2% of accounts receivable. Bad debt expense for the year should be: