Joey's Bike Shop sells new and used bicycle parts. Although a majority of its sales are cash sales, it makes a significant amount of credit sales. During Year $1,$ its first year of operations, Joey's Bike Shop experienced the following.

$\backslash$table$[[$Sales on account,$$281,300$

Required $A$

Required $B$

Assume that Joey's Bike Shop uses the direct write$-$off method of accounting for uncollectible accounts. An questions:

$(1)$ What is the Accounts Receivable balance at December $31,$ Year $1?$

$(2)$ What is the amount of uncollectible accounts expense for Year $1?$

$(3)$ What is the net realizable value of accounts receivable at December $31,$ Year $1?$

$\backslash$table$[[(1),$Accounts receivable,$],[(2),$Uncollectible accounts expense,$],[(3),$Net realizable value,$]]$

Joey's Bike Shop sells new and used bicycle parts. Although a majority of its sales are cash sales, it makes a significant amount of credit sales. During Year $1,$ its first year of operations, Joey's Bike Shop experienced the following.

$\backslash$table$[[$Sales on account,$$281,300$