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Clark Company estimated the net realizable value of its accounts receivable as of December 31, 2016, to be $165,000, based on an aging schedule of accounts receivable. Clark has also provided the following information: • The accounts receivable balance on December 31, 2016 was $175,000.
• Uncollectible accounts receivable written off during 2016 totaled $12,000.
• The allowance for doubtful accounts balance on January 1, 2016 was $15,000.
How much is Clark's 2016 bad debt expense?
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