Brief Exercise 7.6 Accounting for Uncollectible Accounts: An Income Statement Approa Wilson Corporation uses an income statement approach to estimate credit losses. Its gross Accounts Receivable of $5,000,000 at the beginning of the period had a book value of $4,925,000. During the period, the company wrote off actual accounts receivable of $100,000 and collected $7,835,000 from credit customers. Credit sales for the year amounted to $9,000,000. Of its credit sales, 1 percent was estimated to eventually be uncollectible. Determine the book value of the company's accounts receivable at the end of the period. (Omit the "S" sign in your response.) Book value $