Question: ZING, Inc. uses the aging method to estimate its bad debts.The information below has been collected regarding the company's outstanding customer accounts and their probability

ZING, Inc. uses the aging method to estimate its bad debts.The information below has been collected regarding the company's outstanding customer accounts and their probability of collection:

Account Age -Probability of Non-Collection-Amount Owed

0-30 days-0.3%- $1,089,000

31-60- days -1.0%- 411,500

61-90- days 1-.5%- 256,600

91-120 -days -3.0%- 151,000

Over 120 days -15.0% -58,000

The balance in ZING's Allowance for Uncollectible Accounts account at year end before adjusting for a bad debt estimate is $600.Calculate thebad debt expensefor ZING, Inc. for the current year.

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