Compute and show how accounts receivable and the allowance for uncollectible accounts are reported in its December 31, 2017, balance sheet. Do not usenegative signs with your answers.

At the beginning of 2017, Penman Company had the following (normal) account balances in its financial records: \begin{tabular}{|l|r|} \hline Accounts Receivable & $127,000 \\ \hline Allowance for Uncollectible Accounts & 9,900 \\ \hline \end{tabular} During 2017, its credit sales were $1,173,000 and collections on credit sales were $1,150,000. The following additional transactions occurred during the year: \begin{tabular}{|l|l|} \hline Feb. 17 & Wrote off Nissim's account, $3,600. \\ \hline May 28 & Wrote off White's account, $2,400. \\ \hline Dec. 15 & Wrote off Ohlson's account, $900. \\ \hline Dec. 31 & Recorded the provision for uncollectible accounts at 0.8% of credit sales for the year. (Hint: The allowance account is increased by 0.8% of credit sales regardless of any prior write-offs.) \\ \hline \end{tabular} Compute and show how accounts receivable and the allowance for uncollectible accounts are reported in its December 31, 2017, balance sheet. Do not use negative signs with your answers. \begin{tabular}{|l|ll|} \hline Accounts receivable & $ & 0 \\ \hline Less Allowance for uncollectible accounts & 0 \\ \cline { 2 - 3 } Accounts receivable, net & $ & 0 \\ \hline \end{tabular}