Kon Corp. has outstanding accounts receivable totaling $6.5 million as of Decen'l ber 31 and sales on credit during the year of $24 million. There is also a credit balance of $12, in the allowance for dou btful accounts priorto any adjustment. If the compa ny estimatesthat 6% of its outstanding receivables will be uncollectible, what will be the amount of bad debt expense recognized for the year? Do not enter an}.r punctuation [i.e. no dollar sign, no con-I mas}