Cornerstone Exercise 5-28 (Algorithmic) On January 1, 2019, Smith, Inc. has the following balances for acounts receivable and allowance for doubtful account Accounts Receivable $176,000 Allowance for Doubelul Accounts (a credit balance) During 2019. Smich had 2 5.000 of credit sales, ceted $2.305.000 b and that he Required 1. Calculate Smith's pre m er balance in accounts receivable on December 31, 2019 2. Ca r men balance in ce for d e t an December 2011 3. Prepare the necessary ting entry for 2019