Johnson Co$.$ began operations on January $1,2025.$ During the next $2$ years, they completed a number of transactions involving credit sales, accounts receivable collections and bad debts. The transactions are summarized as follows $($assume a perpetual inventory system$)$:

$2025$

January $26$ Merchandise that cost $$608,000$ was sold for $$776,000$ under credit terms of n$/30.$

June $13$ Wrote off uncollectible accounts receivable in the amount of $$16,000.$

December $19$ Received cash of $$520,000$ in payment of outstanding accounts receivable.

December $31$ In adjusting the accounts on December $31,$ concluded that $2\mathrm{.}0\%$ of the outstanding accounts receivable would become uncollectible.

$2026$

March $26$ Johnson Co$.$ sold merchandise for $$1,144,000$ under credit terms of n$/60.$ The merchandise had cost $$896,000.$

August $15$ Wrote off uncollectible accounts receivable in the amount of $$24,000.$

November $22$ Payments of outstanding accounts received totaled $$560,000.$

December $31$ While accounts were being adjusted on December $31,$ it was concluded that $2\mathrm{.}0\%$ of the outstanding accounts receivable would become uncollectible