Exercise 5-65 (Algorithmic) Average Uncoliectible Account Losses and Bad Debt Expense The accountant for Porile Company prepared the following data for sales and losses from uncollectible accounts: - Losses from uncollectible accounts are the actual losses related to sales of that year (rather than write-offs of that year). Required: 1. Calculate the average percentage of losses from uncoliectible accounts for 2015 through 2018 . Enter your answer as percentage, rounded to one decimal place (e. 0.024863 to 2.5%) xis 2. Assume that the credit sales for 2019 are $1,060,000 and that the weighted average percentage calculated in Requirenent. 1 is used as an estimate of losses. from uncoliectibie accounts for 2019 credi saies. Determine the bad debt expense for 2019 using the percentege of credit sales method. Round your answer to the nearest doliar