At December $31,2024,$ Cullumber Imports reported this information on its balance sheet.

Accounts receivable

$$565,700$

Less: Allowance for doubtful accounts

$38,000$

During $2025,$ the company had the following transactions related to receivables.

Sales on account

Sales returns and allowances

Collections of accounts receivable

Write$-$offs of accounts receivable deemed uncollectible

Recovery of bad debts previously written off as uncollectible

$$2,560,000$

$50,000$

$2,260,000$

$42,400$

$16,000$