At December 31, 2021, Sheridan Imports reported this information on its balance sheet. Accounts receivable Less: Allowance for doubtful accounts $594,000 38,000 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 4. Write-offs of accounts receivable deemed uncollectible 5. Recovery of bad debts previously written off as uncollectible $2,590,000 55,000 2,290,000 45,000 15,000 At December 31, 2021, Sheridan Imports reported this information on its balance sheet. Accounts receivable Less: Allowance for doubtful accounts $594,000 38,000 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 4. Write-offs of accounts receivable deemed uncollectible 5. Recovery of bad debts previously written off as uncollectible $2,590,000 55,000 2,290,000 45,000 15,000