On January 1, 2025, Blossom Company had Accounts Receivable of $51,600 and Allowance for Doubtful Accounts of $4,100. Blossom Company prepares financial statements annually. During the year, the following selected transactions occurred. Jan. 5 Sold $4,800 of merchandise to Rian Company, terms n//30. Feb. 2 Accepted a $4,800, 4-month, 9% promissory note from Rian Company for balance due. 12 Sold $12,000 of merchandise to Cato Company and accepted Cato's $12,000,2-month, 11% note for the balance due. 26 Sold $4,900 of merchandise to Malcolm Co., terms n//10. Apr. 5 Accepted a $4,900, 3-month, 8% note from Malcolm Co. for balance due. 12 Collected Cato Company note in full. June 2 Collected Rian Company note in full. 15 Sold $2,100 of merchandise