The following information has been compiled by Able Manufacturing Company:

? Sale of company products for the period to customers with net 30-day terms
amounting to $150,000.

? Sale of company products for the period to a customer, supported by a note for
$25,000, with special terms of net 180 days.

? Balance of trade receivables at the end of the last period was $300,000.

? Collections of open trade receivables during the period was $200,000.

? Rental income for the period, both earned and accrued but not yet collected, from
the Able Employees? Credit Union for use of company facilities was $2,000.

The open trade receivables balance to be shown on the statement of financial position
for the period is

$250,000$252,000$275,000$277,000