American Idol Co. uses the percentage of credit sales method to estimate Bad Debt Expense. American Idol Co. reported net credit sales of $530,000 during the year. American Idol Co. has experienced bad debt losses of 6% of credit sales in prior periods. At the beginning of the year, American Idol Co. has a credit balance in its Allowance for Doubtful Accounts of $4,300. No write-offs or recoveries were recorded during the year. What amount of Bad Debt Expense should American Idol Co. recognize for the year?