1 point At the close of its first year of operations, December 31, 20x1, ABC Company had accounts receivable of P650,000, after deducting the related allowance for doubtful accounts. During 20x1, the company had charges to bad debt expense of P120,000 and wrote off, as uncollectible, accounts receivable of P60,000. What should the company report on its balance sheet at December 31, 20x1 as accounts receivable before the allowance for doubtful accounts? 2715,000 O P540,000 P440,000 P710,000