The following account balances were found for Jetson Corp. at thebeginningof its fiscal year, January 1, 2020:

Accounts Receivable$1,240,250 dr

Allowance for Doubtful Accounts$19,220 cr

Sales for the year were $8,100,000, of which 60% was on credit, and sales returns were $146,000 (60% on credit).Cash collections on credit sales were $5,416,000.Jetson had also written off $62,500, of which half was later recovered and collected (not included in the $5,416,000 previously noted).

The company's credit and collection manager has estimated that 6% of outstanding accounts receivable are uncollectible.

What is the bad debt expense for the year (2020)?