York Yoyos began 2008 with a debit balance in Accounts Receivable of $4,320,000 and a credit balance in Allowance for Doubtful accounts of 81,000. During the year, York Yoyos sold $11,107,000 of product and collected $12,300,000 from customers. In addition during the year York wrote off $31,000 of Accounts Receivable as uncollectible. Management uses the allowance method to account for bad debts in 2008. York estimated that ultimately 4% of its year-end balance in Accounts Receivable will not be collected. How much bad debt expense will be recorded in 2008.