On January 1, 2019, Skysong, Inc. had Accounts Receivable $142,700, Notes Receivable $37,200, and Allowance for Doubtful Accounts $26,900. The note receivable is from willingham Company. It is a 4-month, 9% note dated December 31, 2018, Skysong, Inc. prepares financial statements annually at December 31. During the year, the following selected transactions occurred Jan. 5 20 Feb. 18 Apr. 20 30 May 25 Aug. 18 25 Sept. 1 Sold $31,800 of merchandise to Sheldon Company, terms n/15 Accepted Sheldon Company's $31,800, 3-month, 896 note for balance due Sold $21,600 of merchandise to Patary Company and accepted Patwary's $21,600, 6-month, 9% note for the amount due Collected Sheldon Company note in full Received payment in full from Willingham Company on the amount due Accepted Potter Inc.'s $18,400, 3-month, 7% note in settlement of a past-due balance on account. Received payment in full from Patwary Company on note due. The Potter Inc. note was dishonored. Potter Inc. is not bankrupt; future payment is anticipated Sold $12,500 of merchandise to Stanbrough Company and accepted a $12,500, 6-month, 10% note for the amount due On January 1, 2019, Skysong, Inc. had Accounts Receivable $142,700, Notes Receivable $37,200, and Allowance for Doubtful Accounts $26,900. The note receivable is from willingham Company. It is a 4-month, 9% note dated December 31, 2018, Skysong, Inc. prepares financial statements annually at December 31. During the year, the following selected transactions occurred Jan. 5 20 Feb. 18 Apr. 20 30 May 25 Aug. 18 25 Sept. 1 Sold $31,800 of merchandise to Sheldon Company, terms n/15 Accepted Sheldon Company's $31,800, 3-month, 896 note for balance due Sold $21,600 of merchandise to Patary Company and accepted Patwary's $21,600, 6-month, 9% note for the amount due Collected Sheldon Company note in full Received payment in full from Willingham Company on the amount due Accepted Potter Inc.'s $18,400, 3-month, 7% note in settlement of a past-due balance on account. Received payment in full from Patwary Company on note due. The Potter Inc. note was dishonored. Potter Inc. is not bankrupt; future payment is anticipated Sold $12,500 of merchandise to Stanbrough Company and accepted a $12,500, 6-month, 10% note for the amount due