QS $7-7($Algo$)$ Reporting allowance for doubtful accounts LO P$2$

On December $31$ of Swift Company$$s first year, $$58,000$ of accounts receivable was not yet collected. Swift estimated that $$2,800$ of its accounts receivable was uncollectible and recorded the year$-$end adjusting entry.

Compute the realizable value of accounts receivable reported on Swift$$s year$-$end balance sheet.

On January $1$ of Swift$$s second year, it writes off a customer$$s account for $$500.$ Compute the realizable value of accounts receivable on January $1$ after the write$-$off.