Charming Cherrys had accounts receivable of $1,240,000 after deducting the related allowance for doubtful accounts at the close of its first year of operations. During the year, the company had charges to bad debt expense of $205,000 and wrote off, as uncollectible, accounts receivable of $175,000. What should the company report on its balance sheet at year end, as accounts receivable before the allowance for doubtful accounts