ND Filters Inc. had an Accounts Receivable balance of $107,000, an Allowance for Doubtful accounts with a normal balance of $13,000 and a net loss of $70,600 prior to the following transactions: The company recorded bad debt expense of $5,500 based on an estimate of credit sales to date. The company wrote off accounts of customers owing $7,500. The company recovered $6,340 in receivables from customers whose accounts had previously been written off. The company had credit sales of $23,740 which were not yet recorded. (a) Your answer is incorrect. Calculate ND Filters' net income (or loss) after the above transactions. (Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).) Net income (or loss) $ eTextbook and Media