Lloyd Products is undecided about which base to use in estimating uncollectible accounts. On December 31, 2019, the balance in Accounts Receivable was $620,000 and net credit sales amounted to $3,600,000 during 1999. An aging analysis of the accounts receivable indicated that 2.5 percent of accounts are expected to be uncollectible. Past experience has shown that about 1/2 of 1% of net credit sales eventually are uncollectible. Determine the bad debts expense using the percentage of receivable basis assuming that the Allowance for Doubtful Accounts has a debit balance of $730 before adjustment. $17,270 $16,230 $18,730 $14,770