At the end of 2021, Marin Co. has accounts receivable of $896,000 and an allowance for doubtful accounts of $32,000. On January 24, 2022, it is learned that the company's receivable from Madonna Inc. is not collectible and therefore management authorizes a write-off of $5,504. (a) - Your answer is partially correct. Use a tabular summary to record the write-off. Enter 2021 amounts as beginning balances. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45)) Assets Liabilities Accts. Rec. Allow. For Doubtful Accts Common Stock Beg Bal $ 896000 $ Jan. 24 Adj. Bal 896000 -32000 -32000