Lauren Sign Company uses the allowance method in accounting for uncollectible accounts. Past experience indicates that 3% of net credit sales will eventually be uncollectible. Selected account balances at December 31, 2020, and December 31, 2021, appear below (300 points):
				12/31/2020			12/31/2021
			Net Credit Sales	800,000			1,000,000
			Accounts Receivable	150,000			200,000
			Allowance for Doubtful Accounts	12,000			?
			Bad Debt Expense	18,000			?

d	What is the balance of Bad Debt Expense at December 31, 2021? (Hint: you might want to create a t-account)