E7-4B(Determine Ending Accounts Receivable) Your accounts receivable clerk, Ms. Oommen, to whom you pay a salary of $6,500 per month, has just purchased a new Cadillac. You decided to test the accuracy of the accounts receivable balance of $87,000 as shown in the ledger. The following information is available for your first yearin business. (1) Collections from customers $203,000 (2) Merchandise purchased 325,000 (3) Ending merchandise inventory 95,000 (4) Goods are marked to sell at 50% above cost Instructions: Compute an estimate of the ending balance of accounts receivable from customers that should appear in the ledger and any apparent shortages. Assume that all sales are made on account