Colorado Rocky Cookie Company offers credit terms to its customers. At the beginning of 20X1. accounts receivable totaled $625,000. The allowance method is used to account for uncollectible accounts. The allowance for uncollectible accounts had a credit balance of $32,000 at the beginning of 20X1 and $21,000 in receivables were written off during the year as uncollectible. Also, $1,200 in cash was received in December from a customer whose account previously had been written off. Management assessed the accounts receivable accounts and decided that the total uncollectible accounts balance at year end should be $40,000. Please show your work so I can give you partial credit. Required: 1) What was the net realizable value of Colorado Rocky Cookie Company's accounts receivable at the beginning of the year? 2) What was Colorado Rocky Cookie Company's balance in Accounts Receivable on December 31, 20X1? 3) What was the balance in Allowance for Uncollectible accounts on December 31, 20X1? 4) What was the net realizable value of Colorado Rocky Cookie Company's accounts receivable on December 31, 20X1