At the beginning of the year, accounts receivable were $145.000 and the allowance for bad debts was $11.600. During the year, sales (all on account) were $601.000 cash collections were $581,000, bad debts expense totaled $14.500, and $12.100 of accounts receivable were written off as bad debts. Required: Calculate the balances at the end of the year for the Accounts Receivable and Allowance for Bad Debts accounts. (Hint Use T- accounts to analyze each of these accounts, plug in the amounts that you know, and solve for the ending balances. Ending balance Accounts receivable Allowance for bad debts