16.(5 points) Assume R made entries for the facts presented in traditional homework item no. 24. Further assume that prior to making those entries, R's balance sheet indicated the following amounts:

TOTAL ASSETS:$2,500,000

TOTAL LIABILITIES$450,000

TOTAL OWNERS' EQUITY$2,050,000

After recording the entries for the facts presented in traditional homework item no. 24, identify the following amounts for R:

TOTAL ASSETS:$

TOTAL LIABILITIES$

TOTAL OWNERS' EQUITY$

24. (3 points) The following information pertains to R: Gross accounts receivable balance as of 01-01-15 was $75,000 Allowance for doubtful accounts balance as of 01-01-15 was $4,000 Total sales during 2015 (all sales were on a credit basis) were $870,000 AR write-offs during 2015 were $3,000 R's 12-31-15 AR aging analysis indicates a required balance in the allowance for doubtful accounts of $4,750. The NRV of R's receivables as of 12-31-15 was $90,000. On the basis of the above, how much cash did R collect from its ARs during 2015? Accounts receivables, beginning balance-- 75,000 Add; Credit Sales- 870,000 Less; Written off account- (3,000) Less; Collections: ?. Accounts receivable, ending balance- 94,750 *90,000 + 4,750 = 94,750 Collections = 75,000 + 870,000 - 3,000 - 94,750 = 847,250