Jared Company uses the Aging of Accounts Receivable approach to estimate bad debts. Assume Jared Company started the period with $26,276 in the allowance for doubtful accounts. During the period, Jared determined Al Smith, Mary Lamb, and Humpty Dumpty could not pay. Those accounts totaled $5,096. Also during the period, Jared received a payment from Jack Beanstalk of $503, an account Jared had previous written off in a prior period. At the end of the period, Jared completed an aging schedule and estimated $42,145 of his total outstanding accounts receivable were uncollectible. What is the amount of the bad debt expense Jared would record in his adjusting journal entry?