BE8.7 (LO 2) (Record write-off and compare carrying amount.) At the end of 2023, Searcy Corp. has accounts receivable of $480,000 and an allowance for expected credit losses of $29,000. On January 24, 2024, Searcy learns that its $11,000 receivable from Hutley Inc. is not collectible. Management authorizes a write-off. (a) Prepare the journal entry to record the write-off. (b) What is the carrying amount of the accounts receivable (1) before the write-off and (2) after the write-off