Question 2 Not complete Marked out of 1.00 P Flag question Recording Write-Offs and Computing Net Realizable Value of Receivables Andler Inc. estimates that an allowance of $8,000 is required on its accounts receivable balance of $160,000 on December 31, 2020. a. What is the net realizable value of its accounts receivable on December, 31, 2020? b. On February 1, 2021, the company determined that $2,000 of specific accounts receivable would be written off. Prepare the journal entry required to write-off these accounts. What is the net realizable value of accounts receivable after the write-off? c. On February 15, 2021, the company unexpectedly collected $500 of the accounts written off on February 1, 2021. Prepare the journal entries required upon collection of these accounts. What is the net realizable value of accounts receivable after the collection? a. Net realizable value of receivables on December 31, 2020: $ Account Name Dr. Cr. Date Feb. 1, 2021 Net realizable value of receivables on February 1, 2021 $ Account Name Dr. Cr. Date Feb. 15, 2021 To reinstate receivable balance Feb. 15, 2021 To record cash collection Net realizable value of receivables on February 15, 2021: $