What is the cash realizable value of the accounts receivable (1) before the write-off and (2) after the write-off?

At the end of 2021, Monty Corp. has accounts receivable of $738,700 and an allowance for doubtful accounts of $32,300. On January 24, 2022, it is learned that the company's receivable from Madonna Inc. is not collectible and therefore management authorizes a write-off of $5,700. (a) Your answer is correct. Prepare the journal entry to record the write-off. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit Allowance for Doubtful Accounts 5700 Accounts Receivable 5700 What is the cash realizable value of the accounts receivable (1) before the write-off and (2) after the write-off? Before Write-Off After Write-Off Cash realizable value $ 706400 $