Links Ltd. has been in business for several years and has the following information for its operations which ended December 31, 2020: 1. Total sales for the year were $3,550,000, of which 60% were on account. 2. The company estimates bad debts to be 4.5% of credit sales. 3. Links Ltd. began the year with $640,000 in accounts receivable and a normal credit to the allowance for doubtful accounts of $83,000. 4. Links Ltd. writes off customer accounts that have been outstanding for more than 120 days. During the year, accounts with a carrying amount of $76,000 reached the 120-day mark and were written off. 5. The company uses a collection agency to try to collect accounts that have been written off. The collection agency was able to collect $26.000 from customers whose accounts had previously been written off. 6. During the year the company collected $1,770,000 of its accounts receivable. Links Ltd. has been in business for several years and has the following information for its operations which ended December 31, 2020: 1. Total sales for the year were $3,550,000, of which 60% were on account. 2. The company estimates bad debts to be 4.5% of credit sales. 3. Links Ltd. began the year with $640,000 in accounts receivable and a normal credit to the allowance for doubtful accounts of $83,000. 4. Links Ltd. writes off customer accounts that have been outstanding for more than 120 days. During the year, accounts with a carrying amount of $76,000 reached the 120-day mark and were written off. 5. The company uses a collection agency to try to collect accounts that have been written off. The collection agency was able to collect $26.000 from customers whose accounts had previously been written off. 6. During the year the company collected $1,770,000 of its accounts receivable