Huron Tractor is committed to becoming the dealership of first choice by providing top quality equipment and services to our customers. Huron Tractor had accounts receivable of $2,750,000 and an allowance for doubtful accounts of $120,000 at the end of the fiscal year 2020. On January 11, 2021, Huron determined that its $22,000 receivable from farmer Old McDonald will not be collected, and management has authorized its write off. On January 31, 2021, Huron Tractor received notification that the company will be receiving $0.12 for every dollar of accounts receivable relating to Walker's Spring Ridge Farm. The company had previously written off 100% of the $50,000 amount due from Walker's Spring Ridge Farm. Required: a) Prepare all journal entries you consider necessary relating to the above information. [4] b) What is the net realizable value and book value of accounts receivable before and after the entries in part a? [2]