in preparing the financial statement for January, the accountant for Team Shirts has complied the following information:

in preparing the financial statement for January, the accountant for Team Shirts has complied the following information: accounts receivable are $5000; the amount estimated to be uncollectible is 3% of sales for the month; sales for the month were $43,000; and the balance in the allowance for uncollectible accounts is a positive $1000. Using the sales method, the amount of bad debts expense for January is