Effect of Doubtful Accounts on Net Income

During its first year of operations, Fisher Plumbing Supply Co$.$ had sales of $$340,000,$ wrote off $$5,400$ of accounts as uncollectible using the

direct write$-$off method, and reported net income of $$37,400.$ Determine what the net income would have been if the allowance method had

been used, and the company estimated that $\frac{13}{4}\%$ of sales would be uncollectible.