Smith Ltd. was in the process of preparing year-end adjusting entries for the year ended De- cember 31, 2018. Smith Ltd. had the following balance in their books (ledger): Cr. Dr. $91,000 Accounts Receivable Allowance for Sales Discounts Allowance for Sales Returns Allowance for doubtful accounts $4,500 3,300 12,200 Additional Information: o Total Credit Sales during 2018: $66,000 The Company estimated the following for the year-end December 31, 2018 purposes: Expected Sales discounts $3,500 Expected Sales returns 4,100 Accounts receivable should be written off 4,400 Using percentage of credit sales method, the company estimated 10% of the credit sales might NOT be collected Required: a) Prepare the year-end entries for the above that are related to accounts receivable b) Calculate the amount that would be displayed on SFP for net accounts receivable