Mills Corporation's balance sheet included the following information: Accounts Receivable Less: Allowance for Doubtful Accounts Accounts Receivable, Net of Allowance $540,000 69.000 $471.000 If the Allowance account had a credit balance of $29,500 immediately before the year- end adjustment for bad debts and no accounts were written-off or allowed for during the year, what was the amount of Bad Debt Expense recognized during the year