Laura Co. had a 1/1/20 credit balance in the Allowance for Doubtful Accounts of $21,000. During 2020, it wrote off $15,120 of accounts and collected $4,410 on accounts previously written off. The balance in Accounts Receivable was $420,000 at 1/1 and $504,000 at 12/31. At 12/31/20, Laura Co. estimates that 6% of ending accounts receivable will prove to be uncollectible. What should Laura Co. report as its bad debt expense for the year ended at 12/31/20? 1) $25,200.00 2) $14,910.00 3) $19.950.00 O4) $10,080.00