On January 1,2025, Wildhorse Company had Accounts Receivable of $52,500 and Allowance for Doubtful Accounts of $3,700. Wildhorse Company prepares financial statements annually. During the year, the following selected transactions occurred. Jan' $ Sold $4,000 of merchandise to Rian Company, terms n/30. Feb: 2 Accepted $4000,4-month 9% promissory note from Rian Company for balance due. 12 Sold $13,200 of merchandse to Cato Compary and accepted Catos $13,200,2 month, 119 note for the balance due. 26 Sold 55,500 of merchandise to Malcolm C0, terms n/10. 12 Collected Cato Companyote infull. June 2 Collected Rian Company note in full