1 JKL uses an aging schedule to estimate its uncolllectable accounts. Based on the following information, at what NET amount should JKL report accounts receivable? Age in Days Accounts Receivable Percent Uncollectable 1-30 110,000 0.01 31-60 120,000 0.02 61-90 106,000 0.08 91-120 128,000 0.1

2 ABC Corporation adopted the dollar-value LIFO method of inventory valuation on December 31, 2017. Its inventory at that date was $1,000,000 and the relevant price index was 1.00. Information regarding inventory for subsequent years is as follows: Date Inventory at Current Prices Current Price Index 31-Dec-18 $ 1,285,200 1.08 31-Dec-19 $ 1,450,000 1.25 31-Dec-20 $ 1,625,000 1.3 What is the cost of the ending inventory at December 31, 2020 under dollar-value LIFO? Accounts Receivable, net