During the current year, Robbys Camera Shop had sales revenue of $167,000, of which $57,000 was on credit. At the start of the current year, Accounts Receivable showed a $20,000 debit balance and the Allowance for Doubtful Accounts showed a $1,600 credit balance. Collections of accounts receivable during the current year amounted to $58,000.

how how the amounts related to Accounts receivable and Bad debt expense would be reported on the income statement for the current year. Disregard income tax considerations.

ROBBY'S CAMERA SHOP
Partial Income Statement
For the Year Ended December 31
Operating expenses:
		$0

Show how the amounts related to Accounts receivable and Bad debt expense would be reported on the balance sheet for the current year. Disregard income tax considerations. (Amounts to be deducted should be indicated by a minus sign.)

ROBBY'S CAMERA SHOP
Partial Balance Sheet
As of December 31
Current assets:
Accounts receivable, net of allowance for doubtful accounts		$0