Curiyan Company has provided the following information prior to any year-end bad debt adjustment: Cash sales, $200,000 Credit sales, $800,000 Selling and administrative expenses, $120,000 Sales returns and allowances, $40,000 Gross profit, $490,000 Accounts receivable, $130,000 Sales discounts, $12,000 Allowance for doubtful accounts credit balance, $1,500 Curiyan prepares an aging of accounts receivable and the result shows that 2% of accounts receivable is estimated to be uncollectible. How much is bad debt expense? ENTER A NUMBER, NO $ NEEDED