ABC Company Limited sells on terms of 3/10, n/30. Sales for the year are $1,200,000 and the collections department estimates that 30 percent of customers pay on the tenth day and take discounts; 40 percent pay on the thirtieth days; and the remaining 30 percent pay, on average, 40 days after the purchase (assume a 360 day-year).What is the current accounts receivable balance?