Icon Company provided the following data for the current year: Sales on account account 3,600,000 Notes receivable receivable to settle accounts accounts 400,000 400,000 Provision Provision for doubtful doubtful accounts accounts 90,000Accounts receivable determined to be worthlessAccounts receivable determined to be worthless 20,000 Merchandise Merchandise returned returned by the customer customer 15,000 Collections Collections received received to settle accounts accounts 2,450,000 2,450,000 Discounts Discounts permitted permitted to be taken by customers customers 45,000 Collections Collections received received in settlement settlement of notes 150,000 150,000 Prepare the journal entries to record the transactions and compute the net realizable value of accounts receivable.