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What is the best way to remove/install the axle bearings on a Lionel 150

The motor is a humpback series 4 (first year of bushings being used).

The motor does run but there is a lot of play with the wheels (gears still mesh).

The Wheels will be removed as the collector assembly needs to be replaced.

With the wheels and old collector assembly removed:

Could I grab the bushing from the back with a pair of pliers and work it out?

Could I use a bolt nut and washer to install the new bushings?

I have replaced wheel collector assemblies but never did the axle bearings

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