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Dani Trading Inc. (DTI) is a merchandiser that uses the indirect method to prepare the operating activities section of its statement of cash flows. Its

Dani Trading Inc. (DTI) is a merchandiser that uses the indirect method to prepare the operating activities section of its statement of cash flows. Its balance sheet for this year is as follows:

Ending Balance Beginning Balance
Cash $ 97,200 $ 116,700
Accounts receivable 77,600 83,600
Inventory 104,200 95,000
Property, plant, and equipment 276,000 266,000
Less accumulated depreciation (92,000 ) (66,500 )
Total assets $ 463,000 $ 494,800
Accounts payable $ 60,800 $ 108,000
Income taxes payable 47,200 62,800
Bonds payable 114,000 95,000
Common stock 133,000 114,000
Retained earnings 108,000 115,000
Total liabilities and stockholders equity $ 463,000 $ 494,800

During the year, DTIpaid a $11,400 cash dividend and it sold a piece of equipment for $5,700 that had originally cost $13,200 and had accumulated depreciation of $8,800. The company did not retire any bonds or repurchase any of its own common stock during the year.

Required:

a. If the company credited sales and debited accounts receivable for $1,140,000 during the year, what is the total amount of credits recorded in accounts receivable during the year?

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