Novak Company has recorded bad debt expense in the past at a rate of 1.5% of accounts receivable, based on an aging analysis. In 2020, Novak decides to increase its estimate to 2%. If the new rate had been used in prior years, cumulative bad debt expense would have been $421,300 instead of $315,975. In 2020, bad debt expense will be $104,000 instead of $78,000. If Novak's tax rate is 30%, what amount should it report as the cumulative effect of changing the estimated bad debt rate? (Do not leave any answer field blank. Enter O for amounts.) The cumulative effect of changing the estimated bad debt rate $