Item2 4.28 points eBookHintPrintCheck my workCheck My Work button is now enabled1Item 2 Exercise 7-6A (Algo) Effect of recovering A receivable previously written off LO 7-1 Renue Spa had the following balances at December 31, Year 2: Cash of $11,000, Accounts Receivable of $87,000, Allowance for Doubtful Accounts of $2,600, and Retained Earnings of $95,400. During Year 3, the following events occurred: $2,100 of accounts receivable were written off as uncollectible. Renue unexpectedly collected $170 of receivables that had been written off in a previous accounting period. Services provided on account during Year 3 were $213,000. Cash collections from receivables were $214,954. Uncollectible accounts expense was estimated to be 1 percent of the sales on acco