Can you solve this general accounting problem with appropriate steps and explanations?

ABC Corporation estimates that 5% of its accounts receivable will be uncollectible. At the beginning of the year, the accounts receivable balance is $200,000. During the year, the company made credit sales of $500,000 and collected $450,000 from customers. The company had a beginning balance of $3,000 in the allowance for doubtful accounts. What is the bad debt expense for the year