On December 31, 2021, Wellstone Company reported net income of $75,000 and sales of $211,000. The company also reported beginning and ending accounts receivable at $17,500 and $29,000, respectively. Wellstone will report cash collected from customers in its 2021 statement of cash flows (direct method) in the amount of:

At the end of the current year, accounts receivable has a balance of $550,000; allowance for doubtful accounts has a credit balance of $5,500; and sales for the year total $2,500,000. an analysis of receivables estimates uncollectible receivables as $25,000. determine the net realizable value of accounts receivable after adjustment. (hint: determine the amount of the adjusting entry for bad debt expense and the adjusted balance of allowance of doubtful accounts.)