Question 29 10 pts At the beginning of the year, a company had a beginning accounts receivable balance of $68,000 and a beginning credit balance in the allowance for uncollectible accounts of $4,800. During the year, they had total sales on account of $229,000. They also collected $188,000 cash from customers from prior credit sales. They had one write-off during the year in the amount of $700. At the end of the year, the company performs an adjusting entry to account for their uncollectible accounts receivable. The company estimates that 20% of their ending accounts receivable balance will be uncollectible. What amount of Bad Debt expense will be recorded for the year?