Instructions The following transactions were completed by Irvine Company during the current fiscal year ended December 31 Feb 8 Received 40% of the S18,000 balance owed by Decoy Co., a bankrupt business, and wrote off the remainder as uncollectible May 27 Reinstated the account of Seth Nelsen, which had been written off in the preceding year as uncollectible Joumalized the receipt of 57,350 cash in full payment of Seth's account Aug. 13 Virote of the $6,400 balance owed by Kat Tracks Co which has no assets Oct 31 Reinstated the account of Crawford Co., which had been written off in the preceding year as uncollectible. Journalized the receipt of 53,800 cash in full payment of the account Wrote off the following accounts as uncollectible (compound entry Newbauer Co $7.190: Bonneville Co $5500, Crow Distributors 59 400; Fiber Optics 51,110 Dec. 31 Based on an analysis of the 51,785,000 of accounts receivable was estimated that 35 700 will be lentia Lat the wine and bawance Corner OSITOS Dec 31 C Expected net realizable value of the accounts receivable as of December 31, $ Check My Work All work saved Em o a 8 E