3. Swiss Supplies showed the following selected adjusted balances at its December 31, 2019, year- end: Accounts Receivable Dec. 31/19 Balance 530,00 Allowance for Doubtful Accounts 14,800 Dec. 31/19 Balance During 2020, the following selected transactions occurred: a. Sales totalled $2,950,000, of which 25% were cash sales (cost of sales $1,903,000). b. Sales returns were $104,000, half regarding credit sales. The returned merchandise was scrapped c. An account for $20,000 was recovered. d. Several accounts were written off: $22,000. e. Collections from credit customers totalled $1,860,000 (excluding the recovery in (c) above)