The following data were selected from the records of Sykes Company for the year ended December $31,$ Current Year.

Balances January $1,$ Current Year

Accounts receivable $($various customers$)$ $$121,000$

Allowance for doubtful accounts $9,000$

In the following order, except for cash sales, the company sold merchandise and made collections on credit terms $3/10,$ n$/30($assume a unit sales price of $$800$ in all transactions$).$

Transactions during current year

Sold merchandise for cash, $$256,000.$

Sold merchandise to R$.$ Smith; invoice price, $$9,000.$

Sold merchandise to K$.$ Miller; invoice price, $$36,000.$

Two days after purchase date, R$.$ Smith returned one of the units purchased in $($b$)$ and received account credit.

Sold merchandise to B$.$ Sears; invoice price, $$29,000.$

R$.$ Smith paid his account in full within the discount period.

Collected $$92,000$ cash from customer sales on credit in prior year, all within the discount periods.

K$.$ Miller paid the invoice in $($c$)$ within the discount period.

Sold merchandise to R$.$ Roy; invoice price, $$18,500.$

Three days after paying the account in full, K$.$ Miller returned seven defective units and received a cash refund.

After the discount period, collected $$4,000$ cash on an account receivable on sales in a prior year.

Wrote off a prior year account of $$5,000$ after deciding that the amount would never be collected.

The estimated bad debt rate used by the company was $4\mathrm{.}5$ percent of credit sales net of returns.