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Gary's Dairy uses the aging approach to estimate bad debt expense. The balance of each account receivable is aged on the basis of three time

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Gary's Dairy uses the aging approach to estimate bad debt expense. The balance of each account receivable is aged on the basis of three time periods as follows: not yet due, $16,000, up to 120 days past due, $5.500, and more than 120 days past due, $2,500. Experience has shown that for each age group, the average loss rate on the amount of the receivables at year-end due to uncollectablity is 2 percent, 14 percent, and 35 percent, respectively. At December 31, 2011 (end of the current year), the Allowance for Doubtful Accounts balance is $900 (credit) before the end-of- period adjusting entry is made. Required: What amount should be recorded as Bad Debt Expense for the current year? (Omit the "$" sign in your response.)

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