The following information was taken from the unadjusted trial balance and aging schedule of Diane Company on December 31, 2015. All sales are on account. Accounts and related balances at December 31, 2015 before adjustment: Credit Debit $46,000 Accounts receivable Allowance for doubtful accounts Sales (all on account) Sales returns $ 680 500,000 3,000 Aging Schedule of Accounts Receivable: Age Amount 0-30 days $14.000 30-60 days 20,000 Over 60 days 12,000 % Uncollectible 5% 8% 12% If Diane Company estimates bad debts as 6% of net credit sales, what is the amount of bad debts expense to be reported on the income statement for the period ending December 31, 2015? $27,019 $29,820 $30,000 $29.779