The following information from Tiny Company's first year of operations is to be used in testing the accuracy of Accounts Receivable. The December 31, 2013, balance is $21,300.

(a) Collections from customers, $53,000.

(b) Merchandise purchased, $74,000.

(c) Ending merchandise inventory, $31,500.

(d) Goods sell at 60% above cost.

(e) All sales are on account.

Compute the balance that Accounts Receivable should show and determine the amount of any shortage or overage.