Bad debt expense is estimated once annually at the end of each year as 1/2 of one percent (0.0050) of net sales and is recorded in the general journal as of December 31. The allowance method of recording bad debt expense is used. General ledger account numbers for the journal entry are: A/C #40900 (Bad Debt Expense) and A/C #10300 (Allowance for Doubtful Account). Show your calculation below.