The following information relates to a company’s accounts receivable:
Gross accounts receivable balance at the beginning of the year, $450,000;
Allowance for uncollectible accounts at the beginning of the year, $34,000 (credit balance);
Credit sales during the year, $1,700,000;
Accounts receivable written off during the year, $25,000;
Cash collections from customers, $1,850,000.

Assuming the company estimates bad debts at an amount equal to 3% of credit sales. Calculate bad debt expense for the year.