Vandross Company has recorded bad debt expense in the past at a rate of 1.5% of net sales. In 2014, Vandross decides to increase its estimate to 2%. If the new rate had been used in prior years, cumulative bad debt expense would have been $390,430 instead of $288,400. In 2014, bad debt expense will be $139,850 instead of $93,540. If Vandross’s tax rate is 25%, what amount should it report as the cumulative effect of changing the estimated bad debt rate?