The balance sheet of Monty Company at December 31, 2019, includes the following. $52,700 Notes receivable Accounts receivable 193,300 Less: Allowance for doubtful accounts 27,400 $218,600 Transactions in 2020 include the following. Accounts receivable of $142,200 were collected including accounts of $69,600 on which 2% sales discounts were allowed. 1. $5,560 was received in payment of an account which was written off the books as worthless in 2019. 2. Customer accounts of $27,600 were written off during the year. 3. At year-end, Allowance for Doubtful Accounts was estimated to need a balance of $27,700. This estimate is based on an analysis of aged accounts 4. receivable. Prepare all journal entries necessary to reflect the transactions above. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1. 2 (To reinstate the accounts receivable)