On January 1, 2014 the Accounts Receivable and the Allowance for Doubtful Accounts carried balances of $42,500 and $625, respectively. During the year the company reported $100,000 of credit sales. There were $700 of receivables written-off as uncollectible in 2014. Cash collections of receivables amounted to $99,400. The company estimates that it will be unable to collect one percent (2%) of credit sales.
The amount of uncollectible accounts expense recognized in the 2014 income statement will be ?