Practice Brief Exercise 3 At the end of 2016, Metlock, Inc. has accounts receivable of $666,300 and an allowance for doubtful accounts of $24,740. On January 24, 2017, it is learned that the company's receivable from Madonna Inc. is not collectible and therefore management authorizes a write-off of $4,398. Use a tabular summary to record the write-off. Enter 2016 amounts as beginning balances. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. Liabilities + Stockholders' Equity Assets Allow. For Retained Earnings Doubtful Accts - + Common Stock+ Accts. Rec. Rev Exp. Beg. Bal Jan. 24 Adj. Bal What is the cash realizable value of the accounts receivable before the write-off and after the write-off? Before Write-Off After Write-Off Cash realizable value