The following events occur for The Underwood Corporation during $2026$ and $2027,$ its first $2$ years of operations.

June $12,2026$ Provide services to customers on account for $$53,000.$

September $17,2026$ Receive $$35,000$ from customers on account.

December $31,2026$ Estimate that $40\%$ of accounts receivable at the end of the year will not be received.

March $4,2027$ Provide services to customers on account for $$68,000.$

May $20,2027$ Receive $$11,000$ from customers for services provided in $2026.$

July $2,2027$ Write off the remaining amounts owed from services provided in $2026.$

October $19,2027$ Receive $$55,000$ from customers for services provided in $2027.$

December $31,2027$ Estimate that $40\%$ of accounts receivable at the end of the year will not be received.