6 0.83 points eBook At the beginning of the year, accounts receivable were $154,000 and the allowance for bad debts was $12,500. During the year, sales (all on account) were $610,000, cash collections were $590,000, bad debts expense totaled $17,200, and $13,000 of accounts receivable were written off as bad debts. Required: Calculate the balances at the end of the year for the Accounts Receivable and Allowance for Bad Debts accounts. (Hint Use T- accounts to analyze each of these accounts, plug in the amounts that you know, and solve for the ending balances.) Accounts receivable Ending balance Allowance for bad debts Hint