Splish Company has recorded bad debt expense in the past at a rate of 1.5% of accounts receivable, based on an aging analysis. In 2025, Splish decides to increase its estimate to 2%. If the new rate had been used in prior years, cumulative bad debt expense would have been $401,200 instead of $300,900. In 2025, bad debt expense will be $123,600 instead of $92,700. If Splish’s tax rate is 30%, what amount should it report as the cumulative effect of changing the estimated bad debt rate?