Wildcat Company incorporated in 2018 and has the following information at the end of October, 2021: $300,000 in its Accounts Receivable and $11,000 credit in its Allowance for Uncollectible Accounts. Sales for the month were $2,100,000 and of this amount $1,440,000 were for credit. Wildcat Company estimates its bad debts to be 2.5% of credit sales. What is the amount of Bad Debt Expense for the month?

• $ 25,000

• $ 36,000

• $ 52,500

• $ 41,500