On January 1, 2022, Crane Company had Accounts Receivable $ 130,200, Notes Receivable $ 28,800, and Allowance for Doubtful Accounts $ 17,300. The note receivable is from Willingham Company. It is a 4-month, 9% note dated December 31, 2021. Crane Company prepares financial statements annually at December 31. During the year, the following selected transactions occurred. Jan. 5 Sold $ 24.200 of merchandise to Sheldon Company, terms n/15. 20 Accepted Sheldon Company's $ 24,200, 3-month, 8% note for balance due. Feb. 18 Sold $ 10,000 of merchandise to Patwary Company and accepted Patwary's $10,000, 6-month, 9% note for the amount due. Apr. 20 Collected Sheldon Company note in full. 30 Received payment in full from Willingham Company on the amount due. May 25 Accepted Potter Inc.'s $9,600, 3-month, 7% note in settlement of a past-due balance on account. Aug. 18 Received payment in full from Patwary Company on note due. 25 The Potter Inc. note was dishonored. Potter Inc. is not bankrupt; future payment is anticipated. Sept. 1 Sold $ 13,500 of merchandise to Stanbrough Company and accepted a $ 13,500, 6-month, 10% note for the amount due. Date Account Titles and Explanation Debit Credit