QS 9.6 Reporting allowance for doubtful accounts LO P2 On December 31 of Swift Co.'s first year, $70,000 of accounts receivable is not yet collected. Swift estimates that $4,000 of its accounts receivable is uncollectible and records the year-end adjusting entry. (1) Compute the realizable value of accounts recelvable reported on Swift's year-end balance sheet. (2) On January 1 of Swift's second year, it writes off a customer's account for $700. Compute the realizable value of accounts receivable on January 1 after the write-off