Concord Company has accounts receivable of $115,800 at March 31, 2022. Credit terms are 2/10,n/30. At March 31, 2022, there is a $1,500 credit balance in Allowance for Doubtful Accounts prior to adjustment. The company uses the percentage-of-receivables basi for estimating uncollectible accounts. The company's estimates of bad debts are as shown below