M8-8 (Algo) Estimating Bad Debts Using the Aging Method [LO 8-2] Assume that SImple Company had credit sales of $255,000 and cost of goods sold of $155,000 for the perlod. SImple uses the aging method and estimates that the approprlate ending balance in the Allowance for Doubtful Accounts is $3,500. Before the end-of-perlod adjustment is made, the Allowance for Doubtful Accounts has a credlt balance of $300. Required: What amount of Bad Debt Expense would the company record as an end-of-perlod adjustment