Gomez, Inc. sells machinery and equipment to warehouses. As such, many of their sales are on account. On April 1, 2017, they have a balance of $220,000 in accounts receivable and $10,500 in the allowance for doubtful accounts.

During the second quarter (from April 1 through June 30, 2017), Gomez records the following activities:

• Total sales of $260,000. $25,000 are in cash, and the remainder is on account.
• Collections from sales totaling $240,000.
• The company writes off two accounts as uncollectible: one for $3,200 and one for $1,700.
• All other expenses for the company total $165,500.

Additionally, Gomez uses a rate of 3.6% for bad debt expense based on historical averages and their expectations about the economic going forward.

A. The bad debt expense for the quarter ended June 30, 2017?

B. The balance of accounts receivable on June 30, 2017?

C. The balance of the allowance for doubtful accounts on June 30, 2017?

D. The net accounts receivable balance on June 30, 2017?

E. The net income for the quarter ended June 30, 2017?