(fill in the blanks) Jake Company had the following data on December 31,20X1, before any adjustments:

Accounts Receivable, December 31 Allowance for Doubtful Accounts, December 31 Total credit sales Bad debt as a percent of credit sales $348,100 debit $24,850 credit $3,870,000 0.42% Based on this data, estimate the amount of Bad Debt Expense that Jake Company should record as part of its December 31, 20X1 adjusting entry: Bad Debt Expense $