Weldon Corporation$$s fiscal year ends December $31.$ The following is a list of transactions involving receivables that occurred during $2024$:

March $17$ Accounts receivable of $$2,400$ were written off as uncollectible. The company uses the allowance method.

March $30$ Loaned an officer of the company $$27,000$ and received a note requiring principal and interest at $7\%$ to be paid on March $30,2025.$

May $30$ Discounted the $$27,000$ note at a local bank. The bank$$s discount rate is $8\%.$ The note was discounted without recourse and the sale criteria are met.

June $30$ Sold merchandise to the Blankenship Company for $$19,000.$ Terms of the sale are $310/$

$,$ n$30/$

$.$ Weldon uses the gross method to account for cash discounts.

July $8$ The Blankenship Company paid its account in full.

August $31$ Sold stock in a nonpublic company with a book value of $$5,700$ and accepted a $$7,200$ noninterest$-$bearing note with a discount rate of $8\%.$ The $$7,200$ payment is due on February $28,2025.$ The stock has no ready market value.

December $31$ Weldon estimates that the allowance for uncollectible accounts should have a balance in it at year$-$end equal to $3\%$ of the gross accounts receivable balance of $$860,000.$ The allowance had a balance of $$19,000$ at the start of $2024.$