The Allowance for Doubtful Debts account has a DR balance at the start of the year of $1,500. At the end of the year debts of $500, are to be written off and the Allowance for Doubtful Debts is to be adjusted to 10% of the closing Accounts Receivable balance of 515,000. The amount for Bad and Doubtful Debts Expense appearing in the Income statement for the year will be