For 2024, Seagulls Inc. estimates bad debt expense at 3% of credit sales. The company reported accounts receivable and an allowance for uncollectible accounts of $87,500 and $2,300, respectively, at December 31, 2023. During 2024, Seagulls credit sales and collections were $406,000 and $410,000, respectively, and $2,540 in accounts receivable were written off. Seagulls 2024 bad debt expense is: Group of answer choices $2,300. $12,300. $2,540. None of these answer choices are correct.