At January 1, 2021, Steering 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, $6,048,000; Cost of goods sold, $3,320,000; return rate of 2% 2. Selling price of goods returned, $96,000; cost of goods returned to inventory, $51,200 3. Collection of accounts receivable, $6,048,000 4. Write offs of accounts receivable deemed uncollectible, $176,000 5. Collection of accounts previously written off as uncollectible, $81,600 6. After considering all of the above transactions, total estimated uncollectible accounts, $116,800 Show the income statement presentation of the revenue and expense accounts for the year ended December 31