Weyawega Company reported credit sales of $985,750 during 20X1. On December 31, 20X1, the company had gross accounts receivable of $450,000 and an $18,000 balance in the Allowance for Uncollectible Accounts. The company esitmated Bad Debt Expense at 2% of credit sales. Based on this data, determine the Bad Debt Expense that the company should report on the 20X1 income statement.
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