3. At December 31, 2018, Wiley, Inc. reported the following information on its balance sheet Accounts Receivable $900,000 Less Allowance for Bad Debt 51,000 (credit) During 2019, the company had the following transactions related to receivables: Sales on account $3,200,000 Collections of accounts receivable 2,850.000 Write-Offs of accounts deemed uncollectible 40,000 Recovery of bad debts previously written-off. 9,000 A. What is the ending balance in the Accotusts Receivable account as of December 31, 2019 Given your answer to Part A, complete Parts B and C as two independent scenarios: B. What is the Net Realizable Value of Accounts Receivables (ex. Net A/R)co December 31, 2019, ter adjusting entries, assuming that Wiley Inc. estimates bad debts to be 2% of credit sales? c. What is the Net Realizable Value of Accounts Receivables (ex. Net A/R) on December 31, 2019, after adjusting entries, assuming INSTEAD that Wiley Ine, estimates bad debts based on 5% of their total ending accounts receivable balance