On January 1, 2014, Derek Company had Accounts Receivable $159,310, Notes Receivable $97,200, and Allowance for Doubtful Accounts $86,300. The note receivable is from Kaye Noonan Company. It is a 4-month, 13% note dated December 31, 2013. Derek Company prepares financial statements annually. During the year, the following selected transactions occurred.

Jan. 5		Sold $92,200 of merchandise to Zwingle Company, terms n/15.
20		Accepted Zwingle Company