At the end of 2017, Culver Company has accounts receivable of 5858, 200 and an allowance for doubtful accounts of $40, 700. On January 16, 2018, Culver Company determined that its receivable from Ramirez Company of $7, 660 will not be collected, and management authorized its write-off. Prepare the journal entry for Culver Company to write off the Ramirez receivable. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) What is the net realizable value of Culver Company's accounts receivable before the write-off of the Ramirez receivable? What is the net realizable value of Culver Company's accounts receivable after the write-off of the Ramirez receivable