On December 31 of the current year, the unadjusted trial balance of a company using the percent of receivables method to estimate bad debt included the following: Accounts Receivable, debit balance of $99,000; Allowance for Doubtful Accounts, credit balance of $1,141. What amount should be debited to Bad Debts Expense, assuming 3% of outstanding accounts receivable at the end of the current year are estimated to be uncollectible?

Multiple Choice

$4,111.

$1,829.

$937.

$1,141.

$2,970.