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3. Accounts Receivable Excell Inc reports the following balances: Assuming Excell Inc estimates the allowance for bad debt as a percentage of gross accounts receivable,

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3. Accounts Receivable Excell Inc reports the following balances: Assuming Excell Inc estimates the allowance for bad debt as a percentage of gross accounts receivable, calculate 20X4 pre-tax income for Excell Inc as if they used the same allowance percentage in 20X4 as in 20X3? (Round percentage to one decimal place before calculating amounts.)

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