Chiller Company has credit sales of $5.90 million for year 2010. Chiller estimates that 1.47% of the credit sales will not be collected. Historically, 4.15% of outstanding accounts receivable is uncollectible. On December 31, 2010, the company's Allowance for Doubtful Accounts has an unadjusted credit balance of $3,564. Chiller prepares a schedule of its December 31, 2010, accounts receivable by age. Based on past experience, it estimates the percent of receivables in each age category that will become uncollectible. This information is summarized here:

December 31, 2010 Accounts Receivable		Age of Accounts Receivable		Expected Percent Uncollectible
$1,098,000		Not yet due		0.235%
325,550		1 to 30 days past due		1.57
85,000		31 to 60 days past due		7.75
50,720		61 to 90 days past due		42.65
12,530		Over 90 days past due		81.15

Assuming the company uses the percent of accounts receivable method, what is the amount that Chiller will enter as the Bad Debt Expense in the December 31 adjusting journal entry?

$83,166.00

$68,793.70

$46,079.11

$61,665.70

$42,515.11