1. What is the precentage of Trade receivables that Dow did not expect to collect at December 31 2021? At December 31, 2020?

2. What is the amount of Trade Accounts Receivable, gross at the end of 2021?

3. What was the amount of receivables written-off in 2021?

4. If Dow had assumed that 0.50% of 2021 sales would be uncollectable, would 2021's earnings before income taxes be different than the amount reported on the Income Statement? If so, by how much?

The Dow Chemical Company and Subsidiaries Consolidated Balance Sheets (In millions, except share amounts) At Dec 31, Current Assets Assets 2021 2020 Cash and cash equivalents Accounts and notes receivable: 2,988 $ 5,104 Other Trade (net of allowance for doubtful receivables - 2021: $54; 2020: $51) Inventories 6,841 5,090 2,712 Other current assets 2,302 7,372 5,70 Total current assets 924 801 Investments 20.837 18,998 Investment in nonconsolidated affiliates Other investments (investments carried at fair value - 2021: $2,079; 2020: $1,674) 2,045 1,327 Noncurrent receivables 3,19 2,775 Total investments 452 426 Property 5,690 4,528 Property Less: Accumulated depreciation 57,604 56,325 Net property 37,049 36,086 Other Assets 20,555 20,239 Goodwill 8,764 8,908 Other intangible assets (net of accumulated amortization - 2021: $4,725; 2020: $4,428) 2,88 3,352 Operating lease right-of-use assets 1,412 1,856 Deferred income tax assets 1,358 2,215 Deferred charges and other assets 1,455 1,249 Total other assets 15,870 17,580 Total Assets $ 62,952 $ 61,345 Liabilities and Equity Current Liabilities Notes payable $ 161 | $ 156 Long-term debt due within one year 231 460 Accounts payable: Trade 5,577 3,763 Other 2.841 2,126 Operating lease liabilities - current 314 416 Income taxes payable 623 397 Accrued and other current liabilities 3,299 3,256 Total current liabilities 13,046 10,574 Long-Term Debt 14,280 6,491 Other Noncurrent Liabilities Deferred income tax liabilities 506 405 Pension and other postretirement benefits - noncurrent 7,557 11,648 Asbestos-related liabilities - noncurrent 931 1,013 Operating lease liabilities - noncurrent 1,149 1,521 Other noncurrent obligations 6,454 6,124 Total other noncurrent liabilities 16,597 20,711 Stockholder's Equity Common stock (authorized and issued 100 shares of $0.01 par value each) Additional paid-in capital 8,159 7.603 Retained earnings 19,288 16,300 Accumulated other comprehensive loss (8,977) (10,855) Unearned ESOP shares (15 (49 The Dow Chemical Company's stockholder's equity 18,455 12,999 Noncontrolling interests 574 570 Total equity 19,029 13,569 Total Liabilities and Equity S 62,952 $ 61,345 See Notes to the Consolidated Financial Statements.The Company files tax returns in the multiple jurisdictions. These returns are subject to examination and possible challenge by the tax authorities. Open tax years are indicated in the table below. Tax Years Subject to Examination by Major Tax Jurisdiction at Dec 31, 2021 Jurisdiction Earliest Argentina Open Year Brazil 2014 Canada 2015 China 2012 Germany 2011 Italy 2014 The Netherlands 2016 Switzerland 2019 United States: 2016 Federal income tax 2007 State and local income tax 2004 Open years contain matters that could be subject to differing interpretations of applicable tax laws and regulations as they relate to the amount, character, timing or inclusion of revenue and expenses or the sustainability of income tax credits for a given audit cycle. The ultimate resolution of such uncertainties is not expected to have a material impact on the Company's results of operations. NOTE 9 - EARNINGS PER SHARE CALCULATIONS The following tables provide earnings per share calculations of Dow Inc. for the years ended December 31, 2021, 2020 and 2019. In accordance with the accounting guidance for earnings per share, earnings per share of TDCC is not presented as this information is not required in financial statements of wholly owned subsidiaries. Net Income (Loss) for Earnings Per Share Calculations In millions 2021 2020 2019 Income (loss) from continuing operations, net of tax $ 6,405 $ 1,294 $ (1,717) Net income attributable to noncontrolling interests - continuing operations (94 (69 (74) Net income attributable to participating securities - continuing operations (32 (9 (6 Income (loss) from continuing operations attributable to common stockholders $ 6,279 $ 1,216 $ (1,797) Income from discontinued operations, net of tax S 145 Net income attributable to noncontrolling interests - discontinued operations (13 Income from discontinued operations attributable to common stockholders $ $ $ 432 Net income (loss) attributable to common stockholders $ 6,279 $ 1,216 $ (1,365) Earnings (Loss) Per Share Calculations - Basic Dollars per share 2021 2020 2019 Income (loss) from continuing operations attributable to common stockholders $ 8.44 $ 1.64 $ (2.42) Income from discontinued operations, net of tax ).58 Net income (loss) attributable to common stockholders $ 8.44 $ 1.64 $ (1.84) Earnings (Loss) Per Share Calculations - Diluted Dollars per share 2021 2020 2019 Income (loss) from continuing operations attributable to common stockholders $ 8.38 $ 1.64 $ (2.42) Income from discontinued operations, net of tax 0.58 Net income (loss) attributable to common stockholders S 8.38 $ 1.64 $ (1.84) 102Share Count Information Shares in millions Weighted-average common shares outstanding - basic 2021 2020 2019 Plus dilutive effect of equity compensation plans 743.6 740.5 742.5 5.4 1.8 Weighted-average common shares outstanding - diluted 749.0 742.3 742.5 Stock options and restricted stock units excluded from EPS calculations 5.8 14.2 20.8 shares. 1. Restricted stock units are considered participating securities due to the Company's practice of paying dividend equivalents on unvested 2. The year ended December 31, 2019 reflected a loss from continuing operations, and as such, the basic share count was used for purposes of calculating earnings per share on a diluted basis. 3. These outstanding options to purchase shares of common stock and restricted stock units were excluded from the calculation of diluted earnings per share because the effect of including them would have been antidilutive. NOTE 10 - INVENTORIES The following table provides a breakdown of inventories: Inventories at Dec 31 In millions 2021 2020 Finished goods 4,554 $ 3,140 Work in process 1,615 996 Raw materials 822 598 Supplies 366 933 Total $ 7,857 $ 5,667 Adjustment of inventories to the LIFO basis (485 34 Total inventories $ 7,372 $ 5,701 Inventories valued on the LIFO basis represented 27 percent of the total inventories at December 31, 2021 and 30 percent of the total inventories at December 31, 2020. NOTE 11 - PROPERTY The following table provides a breakdown of property: Property at Dec 31 Estimated Useful Lives (Years) 2021 2020 In millions 0-25 $ 2,045 $ 2,011 Land and land improvements 5-50 5,108 4,976 Buildings 3-25 42,627 42,108 Machinery and equipment 3-50 6,286 5,626 Other property 1,538 1,604 Construction in progress $ 57,604 $ 56,325 Total property 2021 2020 2019 In millions 2,063 $ 2,092 $ 2,156 Depreciation expense 59 $ 64 $ 80 Capitalized interestThe Dow Chemical Company and Subsidiaries Consolidated Statements of Income (In millions) For the years ended Dec 31, 2021 2020 2019 Net sales $ 54,968 $ 38,542 $ 42,951 Cost of sales 44,187 33,343 36,657 Research and development expenses 857 768 765 Selling, general and administrative expenses 1,645 1,471 1,585 Amortization of intangibles 388 401 419 Restructuring, goodwill impairment and asset related charges - net 6 708 3,219 Integration and separation costs 239 1,039 Equity in earnings (losses) of nonconsolidated affiliates 975 (18 (94) Sundry income (expense) - net (79) 1,274 573 Interest income 56 40 81 Interest expense and amortization of debt discount 731 827 952 Income (loss) from continuing operations before income taxes 8, 106 2,081 (1,125) Provision for income taxes on continuing operations 1,738 777 470 Income (loss) from continuing operations, net of tax 6,368 1,304 (1,595) Income from discontinued operations, net of tax 445 Net income (loss) 6,368 1,304 (1, 150) Net income attributable to noncontrolling interests 94 69 87 Net income (loss) available for The Dow Chemical Company common stockholder $ 6,274 $ 1,235 $ (1,237 See Notes to the Consolidated Financial Statements