At December 31, 2021, Novak Co. reported the following information on its balance sheet. During 2022, the company had the following transactions related to receivables. No Account Titles and Explanation Debit Credit 1. Accounts Receivable 3717300 Sales Revenue 3717300 2. Accounts Receivable 49200 3. Cash 2803200 49200 Accounts Receivable 2803200 4. Allowance for Doubtful Accounts 89000 Accounts Receivable 89000 5. (To reverse account previously written off.) (To record the collection of accounts receivable.) Enter the January 1, 2022, 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.)