Problem 5-31 (Algo) Analysis of accounts receivable and allowance for bad debts-determine beginning balances LO 5-5 A portion of the current assets section of the December 31, 2023, balance sheet for Carr Company is presented here: Accounts receivable Less: Allowance for bed debts $ 60,000 (6,100) $ 53,900 The company's accounting records revealed the following information for the year ended December 31, 2023 Sales (all on account) Cash collections from customers Accounts written off Bad debts expense (accrued at 12/31/23) Required: $ 402,000 415,000 12,500 12,600 Using the information provided for 2023, calculate the net realizable value of accounts receivable at December 31, 2022, and prepare the appropriate balance sheet presentation for Carr Company, as of that point in time. (Hint. Use T-accounts to analyze the Accounts Receivable and Allowance for Bad Debts accounts. Remember that you are solving for the beginning balance of each account.) Accounts receivable At December 31, 2022 Less: Allowance for bad debts Accounts receivable (Net) $