At December 31, 2021, Sandhill Imports reported this information on its balance sheet. Accounts receivable $537,000...

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At December 31, 2021, Sandhill Imports reported this information on its balance sheet. Accounts receivable $537,000 Less: Allowance for doubtful accounts 29,000 During 2022, the company had the following transactions related to receivables. 1. Sales on account $2,470,000 2. Sales returns and allowances 46,000 3. Collections of accounts receivable 2,170,000 4. Write-offs of accounts receivable deemed uncollectible 41,000 5. Recovery of bad debts previously written off as uncollectible 22,000 At December 31, 2021, Sandhill Imports reported this information on its balance sheet. Accounts receivable $537,000 Less: Allowance for doubtful accounts 29,000 During 2022, the company had the following transactions related to receivables. 1. Sales on account $2,470,000 2. Sales returns and allowances 46,000 3. Collections of accounts receivable 2,170,000 4. Write-offs of accounts receivable deemed uncollectible 41,000 5. Recovery of bad debts previously written off as uncollectible 22,000