On December 31, 2023, East Coast Company has an Accounts receivable (gross) balance of $19,300 and an Accounts receivable, net balance of $18,800. During its fiscal year ended December 31, 2024 (2024 FY), East Coast Co. determines that it will collect no cash from accounts totaling $13,100 of receivables that relate to credit sales during the 2020-2023 fiscal years. Midwest uses the aging of receivables method to estimate Bad debt expense during its 2024 FY for which it uses the following aging analysis following aging-of-receivables analysis the company performs on the last day of the 2024 fiscal year. Account balance % uncollectible Age of the account 0-45 days $ 90,500 2% 24,000 30% 45-90 days $ > 90 days 4,000 90% How much Bad debt expense will East Coast Co. recognize on its 2024 income statement? Please provide a dollar value in the answer box below