At December 31, 2021, Blue Co. reported the following information on its balance sheet. Accounts receivable $953,000 Less: Allowance for doubtful accounts 79,800 During 2022, the company had the following transactions related to receivables. 1. Sales on account 2. Sales returns and allowances $3,651,600 51,800 3. Collections of accounts receivable 2,802,000 4. Write-offs of accounts receivable deemed uncollectible 88,600 5. Recovery of accounts previously written off as uncollectible 28,000