The following data were selected from the records of Fluwars Company for the year ended December $31,$ current year:

The company sold merchandise for cash and on open account with credit terms $\frac{1}{10},\frac{n}{30},$ without a right of return.

The following transactions occurred during the current year:

a$.$ Sold merchandise for cash, $$248,000.$

b$.$ Sold merchandise to Abbey Corp; invoice amount, $$32,000.$

c$.$ Sold merchandise to Brown Company: invoice amount, $$43,600.$

d$.$ Abbey paid the invoice in $($b$)$ within the discount period.

e$.$ Sold merchandise to Cavendish Inc.; invoice amount, $$46\mathrm{.}000.$

f$.$ Collected $$109\mathrm{.}100$ cash from customers for credit sales made during the year, all within the discount periods.

g$.$ Brown paid its account in full within the discount period.

h$.$ Sold merchandise to Decca Corporation; invoice amount, $$38\mathrm{.}400.$

i$.$ Cavendish paid its account in full after the discount period.

j$.$ Wrote off an old account of $$9\mathrm{.}400$ after deciding that the amount would never be collected.

k$.$ The estimated bad debt rate used by the company was $5$ percent of accounts receivable at December $31$ of the current year.

The company records sales revenue net of the sales discount. If a customer pays after the discount period, the sales discount that is

forfeited is recorded in a separate account $($sales discounts forfeited$)$ and closed to sales revenue at the end of the accounting period.

Required:

Determine the balances of the accounts sales revenue, accounts receivable, and allowance for doubtful accounts that will be reported

in the financial statements for the current year. Assume that the sale to Decca Corporation occurred in the last week of December.

$($Hint: Use T$-$accounts to keep track of the effect of the above transactions on the three accounts.$)$