Average Uncollectible Account Losses and Bad Debt Expense

The accountant for Porile Company prepared the following data for sales and losses from uncollectible accounts:

Year	Credit Sales				Losses from Uncollectible Accounts*
2015	$874,000				$10,125
2016	952,000				14,840
2017	1,083,000				16,790
2018	1,189,000				16,850

*Losses from uncollectible accounts are the actual losses related to sales of that year (rather than write-offs of that year).

1. Calculate the average percentage of losses from uncollectible accounts for 2015 through 2018. Enter your answer as a percentage, rounded to one decimal place (e.g. .0248563 to 2.5%).

2. Assume that the credit sales for 2019 are $1,280,000 and that the weighted average percentage calculated in Requirement 1 is used as an estimate of losses from uncollectible accounts for 2019 credit sales. Determine the bad debt expense for 2019 using the percentage of credit sales method. Round your answer to the nearest dollar.