At the end of 2023, Sarasota Corp, has accounts receivable of $2.20 million and an allowance for expected credit losses of $137,500 On January 16, 2024, Sarasota determined that its $24,000 receivable from Ivanhoe Company will not be collected, and management has authorized its write-oft, On January 31, 2024, Sarasota received notification that the company will receive $0.15 for every $1.00 of accounts receivable relating to Pharoah Company The company had previously written off 100% of the amount due from Pharoah ($68,000). (a) Prepare the journal entry for Sarasota to write-off the Ivanhoe receivable and any journal cntry needed to reflect the notice regarding Pharoah. (Credit account titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter O for the amounts. List all debit entries before credit entries.) Ivanhoe Company accounts receivable write-off: Pharoah Company reinstatement of partial accounts receivable for amounts previously written off and now determined to be collectible