The following information is available for Avocado Company:…
The following information is available for Avocado Company: Allowance for expected credit losses at December 31, 2024 $ 7,000 Credit sales during 2025 270,000 Accounts receivable deemed worthless and written off during 2025 2,800 As a result of a review and aging of accounts receivable in early January 2026, it was determined that an Allowance for Expected Credit Losses balance of $7,500 is required at December 31, 2025. What amount should Avocado record as loss on impairment for calendar 2025?