Financial statement are prepared at the end of every month for the J Company. Based on the following information and account balances, what is the correct amount that should be recorded on June 30th to recognize bad debt expense if J Company uses the percentage of receivables method for recognizing bad debt expense? June 30th Balance - 27,500 Accounts Receivable Management's Estimate of Bad Debt Expense 4.00% based on Accounts Receivable Allowance of Doubtful Accounts (Credit Balance 125 BEFORE June adjustment) Do NOT use dollar signs or commas in your answer.