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

On December $31$ of Swift Company's first year, $$62,000$ of accounts receivable was not yet collected. Swift estimated that $$3,200$ 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.

$2$ On January $1$ of Swift's second year, it writes off a customer's account for $$400.$ Compute the realizable value of accounts receivable on January $1$ after the write$-$off.