On December 31 of Swift Co.'s first year, $68,000 of accounts receivable is not yet collected. Swift estimates that $3,800 of its accounts receivable is uncollectible and records the year-end adjusting entry. (1) Compute the realizable value of accounts receivable reported on Swift's year-end balance sheet. (2) On January 1 of Swift's second year, it writes off a customer's account for $700. Compute the realizable value of accounts receivable on January 1 after the write-off. Answer is complete but not entirely correct. Realizable value of accounts receivable $ Before Write- Off After Write- Off 48,000 x $ 48,000 x