Sheridan Corporation had the following 2020 income statement. Revenues $102,000 Expenses 65,000 $37,000 In 2020, Sheridan had the following activity in selected accounts. Accounts Receivable 1/1/20 22,000 Write-offs 1,000 Revenues 102,000 Collections 98,000 12/31/20 25,000 Allowance for Doubtful Accounts 1/1/20 1,300 Bad debt Write-offs 1,000 2,000 expense 12/31/20 2,300