On January 1, 2018, the general ledger of ACME Fireworks includes the following account balances:

Accounts	Debit			Credit
Cash	$	27,000
Accounts Receivable		50,000
Allowance for Uncollectible Accounts				$	6,100
Inventory		21,900
Land		65,000
Equipment		24,500
Accumulated Depreciation					3,400
Accounts Payable					30,400
Notes Payable (6%, due April 1, 2019)					69,000
Common Stock					54,000
Retained Earnings					25,500
Totals	$	188,400		$	188,400
At the end of January, $30,000 of accounts receivable are past due, and the company estimates that 30% of these accounts will not be collected. Of the remaining accounts receivable, the company estimates that 5% will not be collected.