In the balance sheet at the end of its first year of operations, Procter & Gamble Company reported an allowance for uncollectible accounts of $83,600. During the year, Procter & Gamble Company wrote off $30,100 of accounts receivable it had attempted to collect and failed. Credit sales for the year were $2,230,000, and cash collections from credit customers totaled $1,820,000. What bad debt expense would Procter & Gamble Company report in its first-year income statement?