Eleazar uses the aging method to record bad debt at the end of each fiscal year on December 31. This year, he made sales on account of $100,000, none of which he has collected. He also has outstanding accounts receivable aged 1-2 years of $20,000, and outstanding accounts receivable aged 2 years of $5,000. Based on historical data, he estimates that the following receivables are uncollectible: 1% of accounts receivable aged 1 year or less 2.5% of accounts receivable aged 1-2 years 4% of accounts receivable aged 2+ years The beginning balance in allowance for doubtful accounts is $1,419. Assuming write offs this year totaled $1,038, what is Eleazar's bad debt expense for the year?