The Allowance for Bad Debts account has a credit balance of

$ 2 comma 000

before the adjusting entry for bad debts expense. The company's management estimates that

4

%

of net credit sales will be uncollectible for the year 2019. Net credit sales for the year amounted to

$ 290 comma 000

.

What is the amount of Bad Debts Expense reported on the income statement for 2019?