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On January 1, 2020, Beta Corp. had a credit balance of $520,000 in its allowance for doubtful accounts. Based on Beta Corp.'s experience, 2% of its credit sales will be uncollectible. During 2020, Beta Corp. wrote off $645,000 of accounts receivable. Credit sales for 2020 were $18,000,000. What amount should Beta Corp. report as allowance for doubtful accounts in its December 31, 2020, balance sheet? Multiple Choice $485,000. O $235,000. O $360,000 O $880.000 Follow excerpts from Beta Corp's December 31, 2020 and 2019, financial statements: Accounts receivable Merchandise inventory Net sales Cost of goods sold 2020 $ 90,000 68,000 410,000 250,000 2019 $ 82,000 82,000 382,000 230,000 What is Beta Corp.'s receivables turnover for 2020 (please round to 2 decimal places)? Multiple Choice 0 4.56 2.91. 4.7. 3.33