Current Attempt in Progress Vaughn Manufacturing has outstanding accounts receivable totaling $6.47 million as of December 31 and sales on credit during the year of $24.5 million. There is also a credit balance of $11500 in the allowance for doubtful accounts. If the company estimates that 6% of its outstanding receivables will be uncollectible, what will be the amount of bad debt expense recognized for the year? $376700. $388200. $1470000. $399700