$1)$ At December $31,2024,$ Fish and Ships $($Fish$)$ had accounts receivable of $$3,800,000$ and an allowance for doubtful accounts of $$210,000$ recorded on their books and records.$$ On January $15$ of the following year, Fish determined that $$35,000$ from New Orleans Company $($NOC$)$ will not be collected as NOC has declared bankruptcy.$$ Later that month on January $30,$ Fish received notification that they will receive $$0\mathrm{.}20$ for every $$1\mathrm{.}00$ of A$/$R relating to NOC.

Required $(11$ marks$)$:

a$)$ Prepare the journal entries to record the transactions assuming that Fish$$s management wrote the entire A$/$R off on January $15,2025.$

b$)$ What is the net book value of A$/$R that Fish would show on their statement of financial position as at January $15,2025$ and January $30,2025?$ Show your calculations.$$ Explain why the net A$/$R on both dates makes sense to you.