At December 31, 2016, Sandhill Co. Imports reported this information on its balance sheet.

Accounts receivable		$637,900
Less: Allowance for doubtful accounts		35,750

During 2017, the company had the following transactions related to receivables.

1.		Sales on account		$2,920,000
2.		Sales returns and allowances		89,848
3.		Collections of accounts receivable		2,501,200
4.		Write-offs of accounts receivable deemed uncollectible		41,230
		5. Recovery of bad debts previously written off as uncollectible		15,740

Enter the January 1, 2017, balances in Accounts Receivable and Allowance for Doubtful Accounts, post the entries to the two accounts and determine the balances Accounts Receivable 637900l (2) v 2920000(3) 89848 Allowance for Doubtful Accounts 35750