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 2x5 $ 1,899, eee (dr.) 23,500 (cr.) 134,900 (cr.) 23,589, eee Investigation showed the following a. Examination of an aging of accounts receivable showed that accounts of $106.200 previously provided for should be written off of the remaining balance. $216,000 was doubtful at year-end. b. Estimated sales discounts inherent in the closing accounts receivable balance were $17.200. Terms of 110, 1/45 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.) 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