At December 31, 2021, Ayayai Co. reported the following information on its balance sheet. Accounts receivable $957,500 Less: Allowance for doubtful accounts 79,200 During 2022, the company had the following transactions related to receivables. 1. Sales on account 2. Sales returns and allowances 3. Collections of accounts receivable $3,652,000 51,800 2,812,300 4. Write-offs of accounts receivable deemed uncollectible 92,500 5. Recovery of accounts previously written off as uncollectible 28,000