During Year 1, The Bon Marche Department Store had total sales of $2,500,000, of which 70% were on credit. The beginning balance in Accounts Receivable (on January 1 of Year 1) was $130,000. The Beginning balance in Allowance for Bad Debt (on January 1 of Year 1) was $20,000. The amount of accounts written off as uncollectible during the year was $21,000. The following aging of Accounts Receivable is for The Bon Marche Company at the end of the Year 20X1. Overall Less than 30 days 31 to 60 days 61 to 90 days Over 90 days Total $412,000 $296,000 $60,000 $26,000 $30,000 The Bon Marche Company developed the following bad debt information from its own past experience. Age of Account Percent Ultimately Uncollectible Less than 30 days 2% 31 to 60 days 14% 61 to 90 days 32% Over 90 days 85% How much CASH was collected from CREDIT CUSTOMERS during the year? O $1,073,000 $1,721,000 O $1,424,000 O $1,370,000 O $1,447,000