Modern office has 3350144 of credit sales for the year and 50034 of outstanding account receivable and 832 balance of allowance for doubtful account(AFDA) on December 31. Modern Office estimates that either 0.1% of credit sales or 8% or outstanding account receivable will not be collectible and wants to set up an AFDA. How much is bad debt expense for the year under the Percentage of Sales (Income Statement) Approach? ENTER NUMBERS ONLY, DECIMAL IS ALLOWED; DO NOT USE "$" OR "%" OR "," AND ROUND YOUR ANSWER TO 2 DECIMAL POINTS.