May Co. prepared an aging of its accounts receivable at December 31, 2007 and determined that the net realizable value of the receivables was...

May Co. prepared an aging of its accounts receivable at December 31, 2007 and determined that the net realizable value of the receivables was $300,000. Additional information is available as follows:Allowance for uncollectible accounts at 1/1/07—credit balance: $ 34,000Accounts written off as uncollectible during 2007: 23,000Accounts receivable at 12/31/07: 325,000Uncollectible accounts recovered during 2007: 5,000For the year ended December 31, 2007, May's bad debt expense would be