At the end of the prior year, Company reported the following information: Accounts Receivable $($Gross$)$ were $$125,000$ and Allowance for Doubtful Accounts were $$2,400.$

During the current year, sales on account were $$150,000,$ collections on account were $$165,000,$ write$-$off of bad debts were $$6,500,$ and the bad debt expense adjustment was $$5,500.$

Show how the amounts related to Accounts Receivable would be reported on the balance sheet for the current year. Disregard income tax considerations.