A portion of the current assets section of the December 31, 2020, balance sheet for Carr Co. is presented here: Accounts receivable Less: Allowance for bad debts $54,800 (6,400) $47,600 The company's accounting records revealed the following information for the year ended December 31, 2020 Sales (all on account) Cash collections from customers Accounts written off Bad debts expense (accrued at 12/31/20) 412,000 426,000 13,500 12,100 Required: Using the information provided for 2020, calculate the net realizable value of accounts receivable at December 31, 2019. and prepare the appropriate balance sheet presentation for Carr Co., as of that point in time. (Hint Use T-accounts to analyze the Accounts Receivable and Allowance for Bad Debts accounts. Remember that you are solving for the beginning balance of each account) Nort Check my work Cash collections from customers Accounts written off Bad debts expense (accrued at 12/31/20) 14, 426,000 13,500 12,100 Required: Using the information provided for 2020, calculate the net realizable value of accounts receivable at December 31, 2019, and prepare the appropriate balance sheet presentation for Carr Co. as of that point in time. (Hint Use T-accounts to analyze the Accounts Receivable and Allowance for Bad Debts accounts. Remember that you are solving for the beginning balance of each account At December 31, 2019 Accounts receivable Less Allowance for bad debts Accounts receivable (Net)