COUNTS RECEIVABLE A. VALENCIA Company reported the following amounts for the year 2023: Accounts Receivable, Jan 1 P450,000 Cash Sales, 1,800,000 Credit Sales, 4,060,000 Cash received from credit customer, 4,230,000 Sales returns from cash/paid sales, 80,000 Sales returns from credit sales, 55,000 Accounts ascertained to be worthless, 18,000 Required: From this information, determine the balance of accounts receivable on Dec 31, 2023