At the end of 2023. Ayayai Corp, has accounts receivable of $2.90 million and an allowance for expected credit losses of $115.000. On January 16, 2024, Ayayal determined that its $22,400 receivable from Blossom Company will not be collected, and management has authorized its write off. On January 31,2024, Ayayai received notification that the company will receive $0.15 for every $1.00 of accounts receivable relating to Sunland Company The company had previously written off 100% of the amount due from Sunland ($60,500).