Grouper Corp, had record sales in 2017. It began 2017 with an Accounts Receivable balance of $409,000 and an Allowance for Doubtful Accounts of $28,000. Grouper recognized credit sales during the year of $5,741,000 and made nthly adjusting entries equal to 0.5% of each month's credit sales to recognize bad debt expense. Also during the year, the company wrote off $30,500 of accounts that were deemed to be uncollectible, although one cust whose $3,400 account had been written off surprised management by paying the amount in full in late September. Including this surprise receipt, $5,648,900 cash was collected on account in 2017 In preparation for the audited year-end financial statements, the controller prepared the following aged listing of the receivables at December 31, 2017: Days Account Outstanding Amount Probability of Collection Less than 16 days Between 16 and 30 days Between 31 and 45 days Between 46 and 60 days Between 61 and 75 days Over 75 days $232,000 101,000 69,000 33,000 17,000 22,000 474,000 92% 80% 70% 50% 096 Your answer is partially correct. Try again. Reconcile the 2017 opening balance in Accounts Receivable to the $474,000 ending balance on the controller's aged listing Accounts Receivable Reconciliation openng balance dit sales in 741 nts written 305 tement of account collected on 74000 balan