On December 31, 2024, a company has a debit balance of $1,500 for the Allowance for Uncollectible Accounts before adjustment. The company also has the following information for its accounts receivable and the estimated percentages of bad debts for different past-due amounts: Age Group (days past due) Accounts Receivable Estimated Percent Uncollectible 0 to 30 $ 50,000 5% 31 to 60 $ 20,000 10% 61 to 90 $ 10,000 20% What is the amount of bad debt expense to be reported in the financial statements for 2024 using the aging method