Help me solve this step by step please and thank you! At January 1, 2024, Page Inc.

Help me solve this step by step please and thank you!

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At January 1, 2024, Page Inc. reported the following information on its statement of financial position: Accounts receivable $520,000 Allowance for expected credit losses 42,000 During 2024, the company had the following summary transactions for receivables: 1. Sales on account, $1,760,000; cost of goods sold, $1,073,600; return rate of 6% 2. Selling price of goods returned, $76,000; cost of goods returned to inventory, $46,360 3. Collections of accounts receivable, $1,600,000 4. Write-offs of accounts receivable deemed uncollectible, $47,000 5. Collection of accounts previously written off as uncollectible, $11,000 6. After considering all of the above transactions, total estimated uncollectible accounts, $30,000 At January 1, 2024, Page Inc. reported the following information on its statement of financial position: Accounts receivable $520,000 Allowance for expected credit losses 42,000 During 2024, the company had the following summary transactions for receivables: 1. Sales on account, $1,760,000; cost of goods sold, $1,073,600; return rate of 6% 2. Selling price of goods returned, $76,000; cost of goods returned to inventory, $46,360 3. Collections of accounts receivable, $1,600,000 4. Write-offs of accounts receivable deemed uncollectible, $47,000 5. Collection of accounts previously written off as uncollectible, $11,000 6. After considering all of the above transactions, total estimated uncollectible accounts, $30,000