At January 1, 2021, Canarie Imports Inc. reported the following on its statement of financial position: During 2021, the company had the following summary transactions for receivables: 1. Sales on account, $5,724,000; Cost of goods sold, $3,143,000; return rate of 2% 2. Selling price of goods returned, $90,000; cost of goods returned to inventory, $48,200 3. Collection of accounts receivable, $5,724,000 4. Write offs of accounts receivable deemed uncollectible, $167,000 5. Collection of accounts previously written off as uncollectible, $77,100 6. After considering all of the above transactions, total estimated uncollectible accounts, $110,500 1. (To record sales) (To record cost of goods sold) 2. (To record sales returns) (To record cost of goods returned) 3. 4. 5. (To reverse write-off of account receivable) (To record collection of account receivable) 6