Analyzing and Reporting Receivable Transactions and Uncollectible Accounts (Using Percentage-of-Sales Method) At the beginning of 2017, Penman Company had the following (normal) account balances in its financial records: During 2017, its credit sales were $1,173,000 and collections on credit sales were $1,150,000. The following additional transactions occurred during the year: Compute and show how accounts receivable and the allowance for uncollectible accounts are reported in its December 31, 2017, balance sheet. Do not use negative signs with your answers