Wrangler Inc.uses the percentage of credit sales method to estimate Bad Debt Expense.At the end of the year,the company's unadjusted trial balance includes the following: 
Wrangler has experienced bad debt losses of 0.5% of credit sales in prior periods.What is the Bad Debt Expense to be recorded for the year?
Definitions:
Uncovered Interest Rate Parity
A financial theory stating that the difference in interest rates between two countries will be equal to the expected change in exchange rates between their currencies.
Arbitrage Opportunity
A situation where a trader can profit from price differences of the same asset in different markets, buying low in one and selling high in another.
Exchange Rates
The worth of a single currency when converted into another, indicating the comparative value between two currencies.
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