please i need solition for this question with explation

Q2: (15 Marks) The following information is available for Renn Corporation's first year of operations: Payment for merchandise purchases $250,000 Finding merchandisc inventory 110,000 Accounts payablc (balance at end of year) 60,000 Collections from customers 210,000 The balance in accounts payable relates only to merchandise purchases. All merchandise items were marked to sell al 40% above cost. What should be the ending balance in accounts receivable, assuming all accounts are deemed collectible