Question 10 (1 point) Hawky Dawky Ltd. began operations on July 1, 2020 and had the following sales and collection activities during 2020: Sale to Customer 1 on August 1, 2020 $ 140000 Collections from Customer 1 during the year 68000 Sale to Customer 2 on November 1, 2020 140000 Collections from Customer 2 during the year 64000 Sale to Customer 3 on November 15, 2020 60000 Collections from Customer 3 during the year 15000 There were no other transactions during the year. Hawky Dawky Ltd. offers its customers terms of 2/10 net 30. Assume that any amounts customers paid was after the 10-day discount period. Hawky Dawky estimates that the likelihood of not being able to collect an accounts receivable is as follows Accounts not yet due 3 % Accounts overdue but less than 60 days overdue 6% Accounts overdue more than 60 days 17 % Calculate the net balance of accounts receivable at the end of the year (December 31, 2020)