Looney Corp. has debit balances of $592,000 and $9,000 in accounts receivable and allowance for uncollectible accounts, respectively, and $0 bad debt expense before year end adjustment.

$359,000 of Looney's receivables are current, and Looney believes them to be 98% collectible.

$125,000 of Looney's receivables are 1-60 days past due, and Looney believes them to be 82% collectible.

The remainder of Looney's receivables are over 60 days past due, and Looney believes them to be 63% collectible.

What is Looney's bad debt expense for the year?