Vulcan Service Co. experienced the following transactions for 2016, its first year of operations:
1.	Provided $86,000 of services on account.
2.	Collected $51,600 cash from accounts receivable.
3.	Paid $28,000 of salaries expense for the year.
4.	Adjusted the accounts using the following information from an accounts receivable aging schedule:

Number of Days Past Due	Amount	Percent Likely to Be Uncollectible	Allowance Balance
Current	$	25,456		.01
0-30		1,720		.05
31-60		2,408		.10
61-90		2,064		.30
Over 90 days		2,752		.50

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