May Co. prepared an aging of its accounts receivable at December 31, 2007 and determined that the net realizable value of the receivables was $300,000. Additional information is available as follows:

Allowance for uncollectible accounts at 1/1/07credit balance:	$ 34,000
Accounts written off as uncollectible during 2007:	23,000
Accounts receivable at 12/31/07:	325,000
Uncollectible accounts recovered during 2007:	5,000

For the year ended December 31, 2007, May's bad debt expense would be

		$25,000.
		$23,000.
		$16,000.
		$9,000.