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accounts receivable for 2004: Accounts receivable, 1/1/04 $650,000 Credit sales for 2004 2,700,000 Sales returns for 2004 75,000 Accounts written off during 2004 40,000 Collections

accounts receivable for 2004:

Accounts receivable, 1/1/04 $650,000
Credit sales for 2004 2,700,000
Sales returns for 2004 75,000
Accounts written off during 2004 40,000
Collections from customers during 2004 2,150,000
Estimated future sales returns at 12/31/04 50,000
Estimated uncollectible accounts at 12/31/04 110,000

What amount should report for accounts receivable, before allowances for sales returns and uncollectible accounts, on December 31, 2004?

$925,000

$1,125,000

$1,085,000

$1,200,000

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