Hi, I would love some help with this question--having trouble trying to figure out what I did wrong (red boxes).

On December 31, 2019, Ajacks Company reported the following information in its financial statements: Accounts receivable Allowance for doubtful accounts Bad debts expense $1,193,400 81,648 80,448 Assume all 2019 balance are normal balances. During 2020, the company had the following transactions related to receivables: 1. Sales were $10,585,000, of which $8,448,000 were on account. 2. Collections of accounts receivable were $7,299,000. 3. Writeoffs of accounts receivable were $78,000. 4. Recoveries of accounts previously written off as uncollectible were $8,500. (Note that this amount is not included in the collections referred to in item 2 above.) 4. Your answer is partially correct. Enter the Accounts Receivable and the Allowance for Doubtful Accounts balances on January 1, 2020. Then post the entries from part "a" and calculate the new balances in these accounts. (Post entries in the order of journal entries presented in the previous part.) Accounts Receivable 1,193,400 (2) Bal. 7,299,000 (1) 8,488,000 78,000 (4) 8,500 (4) 8,500 Bal. 2,304,400 B. Show what would be presented on the statement of financial position as at December 31, 2020, related to accounts receivable. Ajacks Company Statements of Financial Position (Partial) As at December 31, 2020 $ 2,264,400 Accounts Receivable Allowance for Doubtful Accounts Net Accounts Receivable 81,852 $ 21,825,548