We generate sales of $$100,000$ for the year. Of this amount, $$80,000$ are cash sales and $$20,000$ are credit sales. Based on past experience, we expect that $10\%$ of the credit sales won$$t be collected. How much income should the firm recognize for the year? $($Ignore anything else that is not referenced in the problem, such as cost of goods sold, interest expense, etc.$)$

$1$ point

$$82,000$

$$90,000$

$$100,000$

$$98,000$

$$80,000$