please give detailed explanation

On the first day of Year Two, the Bridgewater Corporation holds accounts receivable of $600,000 and an allowance for doubtful accounts of $25,000 for a net realizable value of $575,000. During the year, credit sales were $520,000, and cash collections amounted to $450,000. In addition, $28,000 in receivables were written off as uncollectible. If 8 percent of ending accounts receivable is estimated as uncollectible each year, what is the net accounts receivable balance reported at the end of Year Two on Bridgewater's balance sheet