At the end of 2020, Blue Spruce Corp. has accounts receivable of $2.75 million and an allowance for doubtful accounts of $105,000. On January 16, 2021, Blue determined that its $24,200 receivable from Crane Company will not be collected, and management has authorized its write off. On January 31, 2021, Blue received notification that the company will be receiving $0.10 for every $1.00 of accounts receivable relating to Sheridan Company The company had previously written off 100% of the amount due from Sheridan ($55,000). What is the estimated net realizable value of Blues accounts receivable before and after the entries above? What is the book value of Blues accounts receivable before and after the entries above?

Before Adjustments

Net Realizable Value

After Adjustments

Before Adjustments

book value

After Adjustments

book value

Book Value $