calculate balances

Sunland Ltd. has been in business for several years and has the following information for its operations which ended December 31 , 2024: 1. Total sales for the year were $3,490,000, of which 60% were on account. 2. The company estimates that total expected credit losses at December 31, 2024 will be \$94,230. 3. Sunland Ltd. began the year with $660,000 in accounts receivable and a normal credit to the allowance for expected credit losses of $73,000 4. Sunland Ltd. writes off customer accounts that have been outstanding for more than 120 days. During the year, accounts with a carrying amount of $70,000 reached the 120-day mark and were written off: 5. The company uses a collection agency to try to collect accounts that have been written off. The collection agency was able to collect $24,000 from customers whose accounts had previously been written off. 6. During the year the company collected $1,840,000 of its accounts receivable. Calculate the Dec, 31, 2024 balances for Accounts recelvable and the Allowance for Expected Credit Losses. Accounts receivable Allowance for expected credit losses