At the end of 2016, Sheffield Corp. has accounts receivable of $696,800 and an allowance for doubtful accounts of $23,140. 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 $4,248. 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 es. (451) Assets Liabilities Allow. For Doubtful Accts Accts. Rec. Common Stock Beg $ $ $ Bal Jan 24 Adj. Bal 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 es.-45 or parentheses eg. (451) Llabilities + Stockholders' Equity Retained Earnings Rev. Common Stock Exp. $