QS 7-7 (Algo) Reporting allowance for doubtful accounts LO P2 On December 31 of Swit Company's first year, $65,000 of accounts recelvable was not yet collected. Swift estimated that $3,500 of its accounts recelvable was uncollectible and recorded the year-end adjusting entry. 1. Compute the realizable value of accounts receivable reported on Swif's year-end balance sheet. 2. On January 1 of Swifis second ycar, it wittes off a customer's account for $400. Compute the realizable value of accounts recelvable on January f after the write-off