At 31 December 2022, before any adjustments, Small Lid. reported gross accounts receivable of $2,481,800, allowance for doubtful accounts of $182,400 and an allowance for sales disco a. It was determing a. It was determined that a previously allowed for receivable of $100,000 was going to be uncollected as the customer went bankrupt. b. Bad debt expense is based on a percentage of receivables. Based on the latest available facts and calculations, $280,000 will not be collected due to collection issues. c. Terms of 1/10,n/30 were granted to all customers. Accounts receivable were recorded gross, and the discounts taken were recorded when taken by the customers in a discounts account, reported contra to the sales account. Estimated discounts inherent in the closing accounts receivable balance were $30,600. Required: 1. Prepare year-end adjusting entries with respect to accounts receivable. 2. Show how the net accounts receivable would appear on the statement of financial position on 31 December 2022