Uring the first year of operations, Johnson Supply Co. had net sales of $1,800,000, wrote off $51,000?

During the first year of operations, Johnson Supply Co. had net sales of $1,800,000, wrote off $51,000 of accounts as uncollectible using the direct write-off method, and reported net income of $125,000. Determine what the net income would have been if the allowance method had been used, and the company estimated that 3% of net sales would be uncollectible.