ABC Company reported accounts receivable of $225,000 and an allow ance for doubtful accounts with a $28,000 credit balance at January 1, 202 1. ABC Company records bad debt expense using the net credit sales me thod. The following information was available for ABC Company for the years 2021 and 2022 2022 Cash collections from customers 275,780 Recoveries $3,600 Net realizable value at December 31 154,240 Accounts receivable turnover ratio 1.80 Sales revenue $127,180 $468,000 % of sales estimated to be uncollectible 7% Accounts receivable at December 31 205,000 Write-offs 4% Calculate the amount of recoveries recorded by ABC Company in 2 022 ABC Company reported accounts receivable of $225,000 and an allow ance for doubtful accounts with a $28,000 credit balance at January 1, 202 1. ABC Company records bad debt expense using the net credit sales me thod. The following information was available for ABC Company for the years 2021 and 2022 2022 Cash collections from customers 275,780 Recoveries $3,600 Net realizable value at December 31 154,240 Accounts receivable turnover ratio 1.80 Sales revenue $127,180 $468,000 % of sales estimated to be uncollectible 7% Accounts receivable at December 31 205,000 Write-offs 4% Calculate the amount of recoveries recorded by ABC Company in 2 022