Smith Ltd. was in the process of preparing year-end adjusting entries for the year ended December 31, 2018. Smith Ltd. had the following balance in their books (ledger):

	Dr.	Cr.
Accounts Receivable	$91,000
Allowance for Sales Discounts		$4,500
Allowance for Sales Returns		3,300
Allowance for doubtful accounts		12,200

Additional Information:

• 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