Question 8 of 8 41.25/55 III view policies Show Attempt History Current Attempt in Progress At December 31, 2021, Concord Corporation reported this information on its balance sheet. Accounts receivable $650,000 Less: Allowance for doubtful accounts 40.000 During 2022, the company had the following transactions related to receivables. 1. Sales on account $2,880,000 2. Sales returns and allowances 56,000 3. Collections of accounts receivable 2,580,000 4. Write-offs of accounts receivable deemed uncollectible 43,000 5. Recovery of accounts previously written off as uncollectible 15,000 Question 8 of 8