$[$The following information applies to the questions displayed below.$]$

Sage Incorporated experienced the following transactions for Year $1,$ its first year of operations:

Issued common stock for $$80,000$ cash.

Purchased $$195,000$ of merchandise on account.

Sold merchandise that cost $$162,000$ for $$322,000$ on account.

Collected $$286,000$ cash from accounts receivable.

Paid $$175,000$ on accounts payable.

Paid $$62,000$ of salaries expense for the year.

Paid other operating expenses of $$78,000.$

Sage adjusted the accounts using the following information from an accounts receivable aging schedule:

$\backslash$table$[[\backslash$table$[[$Number of Days Past$],[$Due$]],\backslash$table$[[$Amount$]],\backslash$table$[[$Percent Likely to Be Altowance$],[$Uncollectible$]]],[$Current$,$$$21,600,0\mathrm{.}01],[0-30,9,000,0\mathrm{.}05],[31-60,1,800,0\mathrm{.}10],[61-90,1,800,0\mathrm{.}20],[$Over $90$ days,$1,800,0\mathrm{.}50]]$