On December 31, Crane and Co reports an ending balance in accounts receivable (before any adjustments) of $190,000, and total credit sales of $2,000,000 for the year ended December 31. Crane and Co uses the allowance method to account for uncollectible accounts. Assume the Allowance for Doubtful Accounts has an unadjusted balance of negative $1,800, and bad debts are assumed to be 0.75% of credit sales. Compute the amount of bad debt expense that Crane and Co. will record on December 31, assuming that they use the Percentage of Sales Method to estimate uncollectible accounts. Note: when recorded on the integrated framework, the unadjusted balance in Allowance for Doubtful Accounts appears as a negative number, i.e., ($1,800). This is because the Allowance for Doubtful Accounts is a contra asset that reduces Accounts Receivable.