Murty Company began operations in January $2014$ and had the following summary transactions:

Total sales for $2014$ amounted to $$1,250,000,60\%$ of which were on credit.

The accounts collected during the year totaled $$530,000.$

Accounts Receivable write$-$offs totaled $$8,000$ during the year.

The Allowance for Doubtful Accounts had Zero balance.