Classic Auto Parts sells new and used auto parts. Although a majority of its sales are cash sales, it makes a significant amount of credit sales. During 2008, its first year of operations, Classic Auto Parts experienced the following: Assume that Classic Auto Parts uses the direct write-off method of accounting for bad debts. What is the amount of bad debts expense for 2008? 2, 668 1, 394 4, 062 1, 274