Sheridan \& Co. sold goods with a market price of $174000 on April 1. They accepted a note from Skysong Inc. for $174000 due in two years, with interest paid each year on April 1 , bearing 8% interest. If 8% interest approximates the market rate of interest for this transaction, how much interest should be accrued at the company's December 31 year-end? $10440$13920$6960$27840 Sheffield Corporation had a 1/1/25 balance in Allowance for Doubtful Accounts of $30000. During 2025 , the company wrote off $21600 of accounts and collected $5010 on accounts previously written off. The balance in Accounts Receivable was $500000 at 1/1 and $581000 at 12/31. At 12/31/25, Sheffield estimates that 6% of accounts receivable will prove to be uncollectible. What should Sheffield report for Allowance for Doubtful Accounts at 12/31/25 ? $34860.$18270.$13410.$13260