Upsidedown Cake Company produces dessert products for sale in grocery stores, but it also has a retail location. At the end of $2023,$ the company had $$349,000$ in accounts receivable before netting out $$6,000$ of allowance for doubtful accounts. At the prior year$-$end, the corresponding amounts were $$335,000$ and $$5,000,$ respectively. The company$$s sales in $2023$ totalled $$2,450,000,$ of which $$2,200,000$ was sold on credit. The company recorded bad debts expense of $$9,000$ in $2023.$ Calculate Cash Collected from Customers

To determine the cash collected from customers, we need to consider the change in accounts receivable.

$1\mathrm{.}1$ Calculate Sales on Credit:

Sales $on$ Credit $=$ Total Sales $-$ Cash Sales

$=$$$2,200,000-($$$2,450,000-$$$2,200,000)$

$=$$$1,950,000$

$1\mathrm{.}2$ Calculate Increase in Accounts Receivable:

Increase $in$ Accounts Receivable $=$ Ending Accounts Receivable $-$ Beginning Accounts Receivable

$=($$$349,000-$$$6,000)-($$$335,000-$$$5,000)$

$=$$$13,000$

$1\mathrm{.}3$ Calculate Decrease in Allowance for Doubtful Accounts:

Decrease $in$ Allowance for Doubtful Accounts $=$ Ending Allowance $-$ Beginning Allowance

$=$$$6,000-$$$5,000$

$=$$$1,000$

$1\mathrm{.}4$ Cash Collected from Customers:

Cash Collected from Customers $=$ Sales $on$ Credit $-$ Increase $in$ Accounts Receivable $+$ Decrease $in$ Allowance for Doubtful Accounts

$=$$$1,950,000-$$$13,000+$$$1,000$

$=$$$1,938,000$

Required:

Determine the amount of cash collected from customers for the year $2023$ and the amount of receivables written off in the fiscal year.