Superior Company has provided you with the following information before any year-end adjustments:
Net credit sales are $120,000.
Historical percentage of credit losses is 2%.
Allowance for doubtful accounts has a credit balance of $300.
Accounts receivables ending balance is $47,000.
What is the estimated bad debt expense using the percentage of credit sales method?

	$2,100.
	$2,400.
	$940.
	$2,700.