Brief Exercise 4-7 Sarasota 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, Sarasota 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 Sarasota's tax rate is 30 %, what amount should it report as the cu ulative effect of changing the estimate bad debt rate? Do leave any answer field blank. Enter 0 for amounts.) The cumulative effect of changing the estimated bad debt rate s Click if you would like to Show Work for this question: Open Show Work