explain the approach and process you followed for question,

$3.$ BE$8-9$

Record write off and compare net realizable value.

$($SO $2)$ AP

BE$8-9$ At the end of $2014,$ Perry Co$.$ has an allowance for doubtful accounts of $\backslash (\backslash$$ $28,000\backslash ).$ On January $31,2015,$ when it has accounts receivable of $\backslash (\backslash$$ $575,000\backslash ),$ Perry Co$.$ learns that its $\backslash (\backslash$$ $5,500\backslash )$ receivable from Young Inc. is not collectible. Management authorizes a write off.

$($a$)$ Record the write off.

$($b$)$ What is the net realizable value of the accounts receivable $($ t $)$ before the write off, and $(2)$ after the write off? Be sure to show your calculations.