Slow Running Shoes uses the Aging of receivables method to account for uncollectible accounts.

• The balance in the Allowance for uncollectible account as at Jan 1^st, 2010 was $10,500 (credit)
• The balance in the Accounts Receivable account as at Jan 1^st, 2010 was $133,000.

The company completed the following transactions during 2010 and 2011:

2010
June 10th	Wrote off the balance of $600 from Manny Millers account as uncollectible
September 15th	Re-instated the account of Betty Lou and recorded the collection of $1200 as payment in full for her account which had been written off earlier
December 31st	Recorded the uncollectible account expense based on the aging schedule. The schedule showed that $14,100 of accounts receivable was estimated as uncollectible
December 31st	Made the closing entry for the uncollectible expense account
2011
Jan 17	Sold inventory to Jack Frost, $1100, on account
August 15	Wrote off as uncollectible the accounts of Barry Semper, $1,500; Maria Jesus $1,400 and Rory Paul $200
September 26	Received 40% of the amount owed by Jack Frost and wrote off the remainder as uncollectible
October 16	Received 20% of the funds owed from Maria Jesus as part payment of her account which had been written off earlier as uncollectible
December 31	The Aging schedule showed an estimated $7500 as uncollectible

1. Prepare the balance sheet extracts as at Dec 31 2010 & 2011 to show the net realizable value for the Accounts Receivable.