Cole Inc. had the following account balances at December 31, 2020: AR at 12/31/2020 for invoices $400,000 issued in the last 30 days AR at 12/31/2020 for invoices $125,000 issued more than 30 days before year-end Allowance for uncollectible $2,000 credit balance accounts at 12/31/2020 before recording end of year adjustment Cash sales during 2020 $380,000 Credit sales during 2020 $1,475,000 When using the % of sales method the company estimates 1% of credit sales will be uncollectible. When using the balance sheet method (AR method) the company estimates that 2% of the AR for invoices issued in the last 30 days and 6% of the AR for invoices issued more than 30 days before year end will be uncollectible. What amount of bad debt expense should the company record for 2020 for each method