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Help please Cactus Corporation had net sales (all on account) in 202X of $8,295,884. At December 31, 202X, before adjusting entries, the balances in selected

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Cactus Corporation had net sales (all on account) in 202X of $8,295,884. At December 31, 202X, before adjusting entries, the balances in selected accounts were: Accounts Receivable: $2,987,275 debit Allowance for Doubtful Accounts: $5,343 debit Cactus estimates that 3% of its accounts receivable will prove to be uncollectible. What is the net amount expected to be collected of the receivables reported on the financial statements at December 31, 2020? *round your answer to the nearest $1

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