The following information relates to Rem Corp's accountsreceivable for 2015:
Accounts receivable,1/1/15 $ 500,000
Credit sales for2015 2,000,000
Sales returns for2015 60,000
Accounts written off during2015 37,000
Collections from customers during2015 1,500,000
Estimated future sales returns at12/31/15 35,000
Estimated uncollectible accounts at12/31/15 73,000
What amount should Rem report for accounts receivable beforesales returns and uncollectible accounts, at December 31, 2015?
NOTE: Be sure to show all your calculations. This hasthe possibility of partial credit. Incorrect answers withoutcalculations will automatically result in zero points.