You discover that a sale of a product was made on account and recorded in December for $148,500; the product has not yet been shipped (i. delivered…

You discover that a sale of a product was made on account and recorded in December for $148,500; the product has not yet been shipped (i.e. delivered to the customer). The cost of the product was 55% of its selling price. CMC uses the perpetual inventory method. 

Bad debt expense is estimated to be 6% of ending Accounts Receivable which is $913,780. Allowance for doubtful account is $29,462. (Round to the nearest whole dollar.)