On January 1 st, ABC company had accounts receivables of $50,000 and Aliowance for Doubtful Accounts credit balance of $5,000. Cash balance of $90,000. Inventory balance of 186,000 . During the year ABC had the following transactions: a) Sales of 300,000(200,000 on account and $100,000cash). The cost of the goods sold equaled 170,000 . b) ABC had collections on Accounts receivable of 90.000 c) ABC recorded the bad debt expense using the % of receivables method. 4% of receivables. d) ABC determined one of its customers would not pay and wrote off $900 of outstanding receivables. e) The customer later paid the full $900 of the outstanding receivables. Using the information above, please calculate the following balances after all journal entries are recorded: 1) Accounts Receivable 2) Allowance for Doubtful Accounts 3)Inventory 4) Cost of goods sold 5) Cash 6) Sales 7) Bad Debt Expense 8) Net Accounts Receivable