The Arizona Bay Corporation sells on credit terms of net 30. Its accounts are, on average, 6 days past due. Annual credit sales are $8.8 million.

What is the companys balance sheet amount in accounts receivable? (Use 365 days a year. Enter your answer in dollars, not millions of dollars, i.e. 1,234,567. Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))