the following information is from the records of prosser inc for the year ended dec 31, 2011 : allowance for doubtful accounts, jan 1 2011 $6,000 credit sales, 2011 $ 2,920,000 sales returns and allowance, 2011 $32,000 if the basis of estimating bad dept is 1% of net sales the correct amount of doubtful accounts expense for 2011 is