At January $1,2018,$ Windy Mountain Flagpoles had Accounts Receivable of $$32,000$ and Allowance for Bad Debts had a credit balance of $$3,000.$ During the year, Windy Mountain Flagpoles recorded the following:

a$.$ Sales of $$179,000($ $$161,000$ on account; $$18,000$ for cash$).$ Ignore Cost of Goods Sold.

b$.$ Collections on account, $$129,000.$

c$.$ Write$-$offs of uncollectible receivables, $$2,000.$

Journalize Windy's transactions that occurred during $2018.$ The company uses the allowance method.

Post Windy's transactions to the Accounts Receivable and Allowance for Bad Debts Taccounts.

Journalize Windy's adjustment to record bad debts expense assuming Windy estimates bad debts as $11\%$ of credit sales. Post the adjustment to the appropriate T$-$accounts.

Show how Windy Mountain Flagpoles will report net accounts receivable on its December $31,2018$ balance sheet.