12.Kenan, Inc. uses the percentage of receivables basis to estimate its bad debts. At December 31 2011. Kenan estimates total bad debts that will become uncollectible in the future as 4500 The existing balance in the Allowance for Doubtful Accounts is a debit balance of 1000. The Accounts Receivable balance at December 31, 2011 is 75.450. The cash realizable value of Accounts Receivable reported on the statement of financial position at December 31, 2011 (2 points)