At December 31, 2017, Pukalani Imports Inc. reported this information on its balance sheet.

Accounts receivable		$601,000
Less: Allowance for doubtful accounts		44,000

During 2018, the company had the following summary transactions related to receivables and sales. Pukalani uses the perpetual inventory system.

1.		Sales on account amounted to $2,298,000. The cost of the inventory sold was $1,769,460.
2.		Sales returns and allowances with a total sales price of $40,000 and a cost of $30,800 were restored to inventory.
3.		Collections of accounts receivable were $2,022,000.
4.		Write-offs of accounts receivable deemed uncollectible, $49,000.
5.		Recovery of bad debts previously written off as uncollectible, $14,000.

This is what I did for the final part: