At the end of 2016, Concord Corporation has accounts receivable of $704,700 and an allowance for doubtful accounts of $26,850. On January 24, 2017. it is learned that the company's receivable from Madonna Inc. is not collectible and therefore management authorizes a write-off of $4,384. Liabilities Use a tabular summary to record the write-off. Enter 2016 amounts as beginning balances. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45)) S Common Stock 0 Stockholders' Equity Retained Earnings Rev. Exp.