Decenioer 20 hf acconts of anda Cmpauny providedthe olling 2016 infomation at 31 December 2016: Accounts receivable 1,919,000 (dr.) 25,500 (cr.) 146,900 (cr.) Allowance for sales discounts Allowance for doubtful accounts Total credit sales revenue during 20X5 23,639,000 Investigation showed the following: a. Examination of an aging of accounts receivabl b. Estimated sales discounts inherent in the closing accounts receivable balance were $18,200. e showed that accounts of $108,200 previously provided for should be written off. Of the remaining balance, $236,000 was doubtful at year- end. Terms of 1/10, n/45 were granted to customers. Accounts receivable were recorded gross, and the discounts taken were recorded when taken by the customers in a discounts account, reported contra to the sales account. Required: 1) Prepare year-end adjusting entries with respect to accounts receivable and the related allowances General Journal Account Titles and Explanation Debit Credit Date 2) Calculate the net accounts receivable appear on the statement of financial position on 31 December 2016