Brief Exercise 4-7 Cullumber Company has recorded bad debt expense in the past at a rate of 1.5% of accounts receivable, based on an aging analysis. In 2017, Cul!umber decides to increase its estimate to 2%. If the new rate had been used in prior years, cumulative bad debt expense would have been $383,400 instead of $296,300. In 2017, bad debt expense will be $124,000 instead of $91,500. If Cu!lumber's tax rate is 30%, what amount should it report as the cumulative effect of changing the estimated bad debt rate? (Do not leave any answer field blank. Enter O for amounts. The cumulative effect of changing the estimated bad debt rate g