The trial balance of Stardust Company at the end of its 2003 fiscal year included the follow- ing account balances: 

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Accounts receivable Allowance for bad debts Account $48,900 2,500 (debit balance) The company has not yet recorded any bad debt expense for 2003. Determine the amount of bad debt expense to be recognized by Stardust Company for 2003, assuming the following independent situations: 1. An aging accounts receivable analysis indicates that probable uncollectible accounts re- ceivable at year-end amount to $4,500. 2. Company policy is to maintain a provision for uncollectible accounts receivable equal to 3% of outstanding accounts receivable. 3. Company policy is to estimate uncollectible accounts receivable as equal to 0.5% of the previous year's annual sales, which were $200,000.