Quirino Company had the following information related to its Accounts Receivable for the year 2018:

Accounts Receivable, January 1 P12,000,000

Credit Sales 20,000,000

Collection from customers, excluding the recovery 17,000,000

Accounts written off as worthless 300,000

Sales Return 1,000,000

Recovery of accounts written off 100,000

Estimated future sales return on December 31 400,000

Estimated uncollectible on December 31, per aging 1,000,000

Required: Quirino should report the December 31, 2018 Accounts Receivable

before Allowance for Uncollectible accounts at _____________________

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