Average Uncollectible Account Losses and Bad Debt Expense The accountant for Volunteer Company prepared the following data for sales and losses from uncollectible accounts: *Losses from uncollectible accounts are the actual losses related to sales of that year (rather than write-offs of that year). Required: 1. Calculate the average percentage of losses from uncollectible accounts for 2019 through 2022 . Enter your answer as a percent, rounded to one decimal place. % 2. Assume that the credit sales for 2023 are $1,260,000 and that the weighted average percentage calculated in Requirement 1 is used as an estimate of losses from uncollectible accounts for 2023 credit sales. Determine the bad debt expense for 2023 using the percentage of credit sales method. $