Wildhorse Ltd$.$ manufactures several different brands of vacuum cleaners, from hand$-$held models to built$-$in central vacuums. It sells its products to distributors across Canada on credit, giving customers $30$ days to pay. During the year ending June $30,2024,$ Wildhorse recorded sales of $$1,530,000.$ Wildhorse has determined that the length of time a receivable is outstanding is the most appropriate credit risk characteristic for determining expected credit losses. At June $30,$ the company prepared the following aging schedule:

$\backslash$table$[[\backslash$table$[[$Receivable$],[$Amount$]],\backslash$table$[[$Number of Days$],[$Outstanding$]],\backslash$table$[[$Expected Rate of$],[$Credit Losses$]]],[$$$140,000,$Less than $31,4\%$