Problem 8-2A (Part Level Submission) At December 31, 2016, Novak Corp. Imports reported this information on its balance sheet. Accounts receivable Less: Allowance for doubtful accounts $564,800 35,700 During 2017, the company had the following transactions related to receivables. 1. Sales on account 2. Sales returns and allowances 3. Collections of accounts receivable 4. Write-offs of accounts receivable deemed uncollectible $2,896,800 91,648 2,637,500 43,840 13,830 Recovery of bad debts previously written off as uncollectible