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Wheeling Inc. uses the aging of accounts receivable method. Its estimate of uncollectible receivables resulting from the aging analysis equals $7,200. At the end of

Wheeling Inc. uses the aging of accounts receivable method. Its estimate of uncollectible receivables resulting from the aging analysis equals $7,200. At the end of the year, the balanace of Accounts Receivable is $122,000 and the unadjusted debit balance of the Allowance for Doubtful Accounts is $940. Credit sales during the year totaled $194,000. What is the estimated Bad Debt Expense for the current year?

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