At the beginning of the current period, Sheffield Corp. had balances in Accounts Receivable of $224,000 and in Allowance for Doubtful Accounts of $10,080. During the period, it had net credit sales of $896,000 and collections of $854,560. It wrote off as uncollectible accounts receivable of $8,176. Uncollectible accounts are estimated to total $28,000 at the end of the period. (Omit recording cost of goods sold.) Enter the beginning balances for Accounts Receivable and Allowance for Doubtful Accounts in a tabular summary. Use the summary to record transactions (a), (b), and (c) below. (a) Record sales and collections during the period. (b) Record the write-off of uncollectible accounts during the period. (c) Record bad debt expense for the period. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Assets Allow. For Cash + Accts. Rec. Doubtful Accts Beg. Bal. $ 0 $ 224000 $ 10080 (a) 0 896000 0 854560 -854560 0 (b) 0 -8176 -8176 (c) 0 0 26096 (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Liabilities + Stockholders' Equity Retained Earnings + Common Stock + Rev. Exp. $ $ 896000 $ 0 0 O 0 0 0 0 0 0 0 0 0 26106 Sales revenue