At January 1, 2018, Bloomfield Company reported accounts receivable of $100,000 and the allowance for doubtful accounts had a $15,000 credit balance. Bloomfield Company records bad debt expense using the net credit sales method and estimates that 4% of its credit sales each year wil1 prove to be uncollectible. Bloomfield Company reported the following information for 2018 and 2019: 201 201 $410,000 $428,000 Sales revenue Cash collections from customers Accounts receivable at December 31 Allowance for doubtful accounts at December 31 Write-offs Recoveries $270,000 $39,600 $29,900 $4,700 $9,400 At December 31, 2019, Bloomfield Company's net realizable value of accounts receivable totaled $13,9. Calculate the amount of recoveries recorded by Bloomfield Company in 2019. Do not use decimals in your