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the answer should be for the chart Problem 1 (20 points) At the end of the prior year, Company reported the following information: Accounts Receivable

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Problem 1 (20 points) At the end of the prior year, Company reported the following information: Accounts Receivable (Gross) were \$125,000 and Allowance for Doubtful Accounts were \$1,200. During the current year, sales on account were $225,000, collections on account were $180,000, write-off of bad debts were $7,500, and the bad debt expense adjustment was $9,200. Show how the amounts related to Accounts Receivable would be reported on the balance sheet for the current year. Report net accounts receivable on the balance sheet for the current year by filling in highlighted boxes

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