Valdez Company uses the percent of receivables method to estimate uncollectible accounts expense. Valdez began 2011 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $40,750 and $2,950 (credit), respectively. During the year, the company wrote off $2,820 in uncollectible accounts. In preparation for the company's 2011 estimate, Valdez prepared the following aging schedule (Do not round your intermediate calculations. Round your final answer to two decimal places):

Number of Days Past Due	Receivables Amount	% Likely to be Uncollectible
Current	$26,500	6%
0-30	$12,250	10%
31-60	$2,530	15%
61-90	$1,160	30%
Over 90	$1,200	55%
Total	$43,640

What will Valdez record as Uncollectible Accounts Expense for 2011?

$5,937.50$2,820.00$4,202.50$4,072.50