Problem 9-01A a-d (Video) At December 31, 2019, Marigold Co. reported the following information on its balance sheet. Accounts receivable Less: Allowance for doubtful accounts $965,900 80,500 During 2020, 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 5. Recovery of bad debts previously written off as uncollectible 28,900 $3,732,800 50,500 2,802,300 88,200