The Lowell Corporation is considering opening a store in Lawrence. The Lowell Corporation estimates that the Lawrence store will generate credit sales of $300,000 in its first year. The Lowell Corporation expects the products the Lawrence store sells will cost the Lawrence store 75% of the sales prices it charges its customers. The Lawrence store's expected major operating expenses, such as salaries, wages, and utilities, will be 15% of sales revenue. It is expected that 2% of the Lawrence store's credit sales will never be collected. Determine the Lawrence store's first year uncollectible accounts expense.