May Co. prepared an aging of its accounts receivable at December 31, 2007 and determined that the net realizable value of the receivables was $300,000. Additional information is available as follows:
Allowance for uncollectible accounts at 1/1/07-credit balance: $ 34,000
Accounts written off as uncollectible during 2007: 23,000
Accounts receivable at 12/31/07: 325,000
Uncollectible accounts recovered during 2007: 5,000
For the year ended December 31, 2007, May's bad debt expense would be: