At December 31, 2021, Kingbird, Inc. reported this information on its balance sheet. Accounts receivable $623,000 Less: Allowance for doubtful accounts 40,000 During 2022, the company had the following transactions related to receivables. 1. Sales on account $2,431,000 2. Sales returns and allowances 55,000 3. Collections of accounts receivable 2,367,000 4. Write-offs of accounts receivable deemed uncollectible 45,000 5. Recovery of bad debts previously written off as uncollectible 13,000 (a) Prepare the journal entries to record each of these five transactions. Assume that no cash discounts were taken on the collections of accounts receivable. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No Account Titles and Explanation Debit Credit 1. 2.