At December 31, 2019, Sunland Co. reported the following information on its balance sheet. Accounts receivable Less: Allowance for doubtful accounts $959.200 78,600 During 2020, the company had the following transactions related to receivables. 1. 2. 3. 4. 5. Sales on account Sales returns and allowances Collections of accounts receivable Write-offs of accounts receivable deemed uncollectible Recovery of bad debts previously written off as uncollectible $3,730,500 48,500 2,816,600 90,700 28,550 (b) Enter the January 1, 2020, balances in Accounts Receivable and Allowance for Doubtful Accounts, post the entries to the two accounts (use T-accounts), and determine the balances. (Post entries in the order of journal entries presented in the previous part) Accounts Receivable eTextbook and Media