Selma operates a contractor's supply store. She maintains her books using the cash method. Selma wants to know whether the accrual basis of accounting would be preferable for her business.

At the end of $2024,$ Selma$$s accountant computes her accrual basis income that is used on her tax return. For $2024,$ Selma reported cash receipts of $$1,400,000,$ which included $$200,000$ collected on accounts receivable from $2023$ sales. It also included the proceeds of a $$100,000$ bank loan. At the end of $2024,$ she held $$250,000$ in accounts receivable from customers, all from $2024$ sales.

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a$.$ Compute Selma's accrual basis gross receipts for $2024$