Assuming that the books have not been closed for 2017, make the necessary correcting entries. P7-6 The statement of financial position of Alice Inc. at December 31, 2016, includes the following: Notes receivable $300,000 Accounts receivable 282,100 Less: Allowance for doubtful accounts (47,300) $534,800 Transactions in 2017 include the following: 1. Accounts receivable of $146,000 were collected. This amount includes gross accounts of $50,000 on which 2% sales discounts were allowed. 2. An additional $16,700 was received in payment of an account that was written off in 2017. 3. Customer accounts of $39,500 were written off during the year. 4. At year end, Allowance for Doubtful Accounts was estimated to need a balance of $52,000. This estimate is based on an analysis of aged accounts receivable. Instructions Prepare all necessary journal entries for Alice Inc. to reflect the information above