USE THE FOLLOWING INFORMATION FOR THIS QUESTION:

	SALES ON ACCOUNT	CASH COLLECTED	BAD DEBT ESTIMATE RECORDED
JANUARY	$223,000
FEBRUARY		$150,000
MARCH		$302,000
APRIL	$580,000
MAY	$45,000
JUNE	$220,000
JULY	$153,000
AUGUST		$87,000
SEPTEMBER	$13,600
OCTOBER		$202,000
NOVEMBER		$99,000
DECEMBER			$105,000

The presentation on the BALANCE SHEET of accounts receivable shows the following amount:

Group of answer choices

$1,234,600

$105,000

$840,000

$289,600

$394,600

ZERO

unable to determine