Blossom Equipment Sales Company, which sells only on account, had a $$120,000$ balance in its Accounts Receivable and a $$4,200$

balance in its Allowance for Expected Credit Losses on December $31,2023.$ During $2024,$ the company's sales of equipment were

$$820,000,$ and its total cash collections from customers were $$780,000.$

During year, the company identified customers with accounts totalling $$6,000$ that would be unable to pay and wrote these

receivables off. However, one of these customers subsequently made a payment of $$800.($Note that this amount is not included in the

cash collections noted above.$)$ At the end of $2024,$ management grouped its receivables based on credit risk and estimated the

expected rate of credit losses for each group. Based on this, management determined that the total expected credit losses would be

$$7,200.$

what amount of credit losses would appear on the statement of income for the year ended december $31,2024$