Diversified Semiconductors sells perishable electronic components. Some must be shipped and stored in reusable protective containers. Customers pay a deposit for each container received. The deposit is equal to the container$$s cost$.$ They receive a refund when the container is returned. During $2024,$ deposits collected on containers shipped were $$883,000.$

Deposits are forfeited if containers are not returned within $18$ months. Containers held by customers at January $1,2024,$ represented deposits of $$550,000.$ In $2024,$ $$820,000$ was refunded and deposits forfeited were $$56,500.$