At December 31, 2024, Blossom Imports reported this information on its balance sheet. Accounts receivable $592,000 Less: Allowance for doubtful accounts 41,000 During 2025, the company had the following transactions related to receivables. 1. Sales on account $2,780,000 2. Sales returns and allowances 50,000 3. Collections of accounts receivable 2,480,000 4. Write-offs of accounts receivable deemed uncollectible 44,000 5. Recovery of bad debts previously written off as uncollectible 17,000 No. Account Titles and Explanation 1. 2. 3. Debit Credit 5. (To reinstate account previously written off) (To record collection of accounts receivable)