On January 1st, ABC company had accounts receivables of $50,000 and Allowance 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 280,000 (200,000 on account and $80,000 cash). The cost of the goods sold equaled 99,000 b) ABC had collections on Accounts receivable of 40,000 ABC recorded the bad debt expense using the % of receivables method3% of receivables d) ABC determined one of its customers would not pay and wrote off $1,000 of outstanding receivables. e) The customer later paid the $500 of the $1,000 outstanding receivables. Using the information above, please calculate the following balances after all journal entries are recorded: Note: Do not use commas or periods in your answer Accounts Receivable 2) Allowance for Doubtful Accounts 3Inventory 4)Cost of goods sold