Effect of Doubthil Accounts on Net income During its first year of operations, Fisher Piumbing Supply Co, had sales of $240,000, wrote off $3,800 of accounts as uncollect ble using the direct write-off method, and reported net income of $26,400. Determine what the net income would have been if the allowance method had been used, and the company estimated that 11/4% of sales would be uncollectible. x