On January 1, 2022, Skysong, Inc. had Accounts Receivable of $57,500 and Allowance for Doubtful Accounts of $3,900. Skysong, Inc. prepares financial statements annually. During the year, the following selected transactions occurred: Jan. 5. Sold $3,300 of merchandise to Rian Company, terms n/30. Feb. 2 Accepted a $3,300, 4-month, 8% promissory note from Rian Company for balance due. 12 26 Apr. 5 Sold $13,200 of merchandise to Cato Company and accepted Cato's $13,200, 2-month, 11% note for the balance due. Sold $5,100 of merchandise to Malcolm Co., terms n/10. Accepted a $5,100, 3-month, 8% note from Malcolm Co. for balance due. 12 June 2 Collected Cato Company note in full. Collected Rian Company note in full. 15 Sold $1,900 of merchandise to Gerri Inc. and accepted a $1,900, 6-month, 13% note for the amount due.