Skysong Company has recorded bad debt expense in the past at a rate of1.5% of accounts receivable, based on an aging analysis. In 2017, Skysong decides to increase its estimate to2%. If the new rate had been used in prior years, cumulative bad debt expense would have been $394,000instead of $303,000. In 2017, bad debt expense will be $131,200instead of $95,120. If Skysong's tax rate is29%, what amount should it report as the cumulative effect of changing the estimated bad debt rate?