Excerpts from the 2020 financial statements of Finley Ltd., a service company, follow: Service revenue $240,000 Accounts receivable 68,000 Allowance for bad debts 3,400 Total current assets 105,000...

Excerpts from the 2020 financial statements of Finley Ltd., a service company, follow:

Auditors from Price and Company reviewed the financial records of Finley and found that a credit sale of $10,000 (for services rendered), which was included in the service revenue amount above, should not have been recognized until January 20, 2021. The auditors also noted that a more reasonable estimate of future bad debts would be 10 percent of the accounts receivable balance. The auditors have informed Finley’s management that the audit opinion will be qualified if Finley does not adjust the financial statements accordingly.

Question:

What amount would the year-end Allowance for Bad Debts, Accounts Receivable balance, Current Ratio and Service Revenue be if Finley made the auditors’ recommended adjustment?