Exercise 5-65 (Algorithmic) Average Uncollectible Account Losses and Bad Debt Expense The accountant for Porile Company prepared the following data for sales and losses from uncolectible accounts: "Losses from uncollectible accounts are the actuai losses related to sales of that year (rather than write-offs of that year). Required: 1. Calculate the average percentage of losses from uncollectible accounts for 2015 through 2018 . tnter your answer as percentoge, rounded to one decimal place (e.9. 0248563 to 2.5%). 2. Assume that the credit soles for 2019 are 11,160,000 and that the weighted average percentage colculoted in Hequirement 1 is used as an estimate of losses from uncollectible accounts for 2019 credit sales. Determine the bad debt expense for 2019 using the percentage of credit sales method. Round your answer to the neorest dollar