At the beginning of the year, accounts receivable had a balance of $154,6000 and the allowance for bad debts was $12,300. During the year, sales ( all on account) were $650,000, total cash collections were $575,500 bad debts expense totaled #14, 200, and $14, 500 of specific A/R were written off as bad debts. Required: Calculate the balances at the end of the year for accounts Receivable and allowance for bad Debts. Use T- account to analyze & show all work.