The accounts of Polaris Company provided the following 20X5 information at 31 December 20X5: Accounts receivable Allowance for sales discounts Allowance for doubtful accounts Total credit sales revenue during 20X5 $ 1,915,000 (dr.) 25,100 (cr.) 144,500 (cr.) 23,629,000 Investigation showed the following: a. Examination of an aging of accounts receivable showed that accounts of $107,800 previously provided for should be written off. Of the remaining balance, $232,000 was doubtful at year-end. b. Estimated sales discounts inherent in the closing accounts receivable balance were $18,000. Terms of 1/10, n/45 were granted to customers. Accounts receivable were recorded gross, and the discounts taken were recorded when taken by the customers in a discounts account, reported contra to the sales account. Required: 1. Prepare year-end adjusting entries with respect to accounts receivable and the related allowances. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the entry for Uncollectible accounts being written-off. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal 2. Calculate the net accounts receivable appear on the statement of financial position on 31 December 20X5. Accounts receivable, net