The Sheffield Pub provides catering services to local businesses. The following information was available for The Sheffield Pub for the years ended December 31, 2019 and 2020.

December 31, 2019 Decembe31, 2020

Cash $ 2,130 $ 1,690 Accounts receivable 46,200 ? Allowance for doubtful accounts 580 ? Other current assets 8,260 7,860 Current liabilities 38,900 44,300 Total credit sales 201,000 250,000 Collections on accounts receivable 190,000 228,000 Sheffield management is preparing for a meeting with its bank concerning renewal of a loan and has collected the following information related to the above balances. 1. The cash reported at December 31, 2020, reflects the following items: petty cash $1,580 and postage stamps $110. The other current assets balance at December 31, 2020, includes the checking account balance of $3,740. 2. On November 30, 2020, Sheffield agreed to accept a 6-month, $5,170 note bearing 12% interest, payable at maturity, from a major client in settlement of a $5,170 bill. The above balances do not reflect this transaction. 3. Sheffield factored some accounts receivable at the end of 2020. It transferred accounts totaling $10,000 to Final Factor, Inc. with recourse. Final Factor will receive the collections from Sheffields customers and will retain 2% of the balances. Final Factor assesses Sheffield a finance charge of 3% on this transfer. The fair value of the recourse liability is $410. However, management has determined that the amount due from the factor and the fair value of the resource obligation have not been recorded,and neither are included in the balances above. 4. Sheffield charged off uncollectible accounts with balances of $1,420. On the basis of the latest available information, the 2020 provision for bad debts is estimated to be 2.5% of accounts receivable.

Based on the above transactions, determine the balance for (1) Accounts Receivable and (2) Allowance for Doubtful Accounts at December 31, 2020. (Round answers to 0 decimal places, e.g. 125.) Accounts receivable ending balance $ Allowance for doubtful ending balance $

Prepare the current assets section of The Sheffield Pubs balance sheet at December 31, 2020.

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Compute Sheffields current ratio and accounts receivable turnover for December 31, 2020. The accounts receivable turnover in 2019 was 4.37. (Round answers to 2 decimal places,

Prepare the current assets section of The Sheffield Pub's balance sheet at December 31, 202 (Round answers to 0 decimal places, e.g. 125.) THE SHEFFIELD PUB Balance Sheet Page 2 | 3 - Q +