QS 7-7 (Algo) Reporting allowance for doubtful accounts LO P2 On December 31 of Swift Company's first year, $54,000 of accounts receivable was not yet collected. Swift estimated that $3,400 of its accounts receivable was uncollectible and recorded the year-end adjusting entry. 1. Compute the realizable value of accounts receivable reported on Swift's year-end balance sheet. 2 On January 1 pf Swift's second year, it writes off a customer's account for $600. Compute the reaizable value of accounts receivable on January 1 after the write-off