Perform the following acoounting for the recaivables of Cavanaugh and Johnson, a law firm, at December 31,2021. Read the requirements. Requirements 1 and 2. Start with the beginning balances for these T-accounts Accounts Receivable, $103,000, Alowance for Uncollect ble Accounts, $13,000. Post the following 2021 transactions to the T-Bccounts: a. Service revenve of $699,000, all on account b. Collections on account, $718,000 c. Write-otis of uncolloctible accounts, $12,000 d. Uncoliectible-account expense (allowance method), $5,000. What are the ehting balances of Accounts Recelvable and Allowance for Uncollectible Accounts? Prepare the T-accounts for accounts receivable and allowance for uncollectible accounts. (Abbreviation used: Beg bal = Beginning balance, End bal = Ending balance: Uncos acct exp = Uncollectible account expense.) 1. Start with the beginning balances for these T-accounts: - Accounts Receivable, $103,000 - Allowance for Uncollectible Accounts, $13,000 Post the following 2021 transactions to the T-accounts: a. Service revenue of $699,000, all on account b. Collections on account, $718,000 c. Write-offs of uncollectible accounts, $12,000 d. Uncollectible-account expense (allowance method), $5,000 2. What are the ending balances of Accounts Receivable and Allowance for Uncollectible Accounts? 3. Show how Cavanaugh and Johnson will report accounts receivable on its balance sheet at December 31, 2021