2: 3: Listen A company has sales equal to $300,000 for the year. Its Accounts receivable balance is $100,000. The average year over year bad debt is 2%. There is a credit balance of $800 in the Allowance for Doubtful accounts. Estimated Age Accounts (days) 1-30 receivable bad debt percentage $-0- .5% 31-60 50,000 1% 61-90 20,000 3% 91-120 Over 120 Totals 18,000 5% 12,000 25% $100,000 What is the net realizable value of accounts receivable at the end of the year assuming the income statement method is used? None of the above $100,000 $94,000 $106,400 $95,000