Calculate the bad debt expense using the following information:

At January 1, 2018, Pembina Imports Inc. reported the following on its statement of financial position: $1,761,000 Accounts receivable Allowance for doubtful accounts 108,000 During 2018, the company had the following summary transactions for receivables: Sales on account, $5,420,000; Cost of goods sold, $2,963,000 1. Sales returns and allowances, $77,000; Cost of goods returned to inventory, $48,000 2. Collections of accounts receivable, $5,420,000 3. Interest added to overdue accounts, $396,000 4. Write offs of accounts receivable deemed uncollectible, $164,000 5. Collection of accounts previously written off as uncollectible, $71,000 6. After considering all of the above transactions, total estimated uncollectible accounts, $108,000 7