Recording Bad Debts At the end of 2010 Sorter Company has accounts receivable of $900,000 and an allowance for doubtful accounts of $40,000. On January 16, 2011, Sorter Company determined that its receivable from Ordonez Company of $8,000 will not be collected, and management authorized its write-off. (a) Prepare the journal entry for Sorter Company to write off the Ordonez receivable. (b) What is the net realizable value of Sorter Companys accounts receivable before the write-off of the Ordonez receivable? (c) What is the net realizable value of Sorter Companys accounts receivable after the write-off of the Ordonez receivable