3.00 points 40. An aging analysis of the A/R subsidiary ledger Indicated that $14,650 of the $240,000 accounts receivable baiance would be uncollectibie. Which one of the following statements is correct if the A/R aging method (% of recelvables approach) is used with respect to making the AJE at the end of the yeat, December 312 The net AR reported on the balance sheet would be $222350 O Total "Sales" reported on the income statement- $950.000 O The AJE would include a debit to "bad debt expense for $11,650 O Write-off percentages used in an aging analysis are normally gotten from a trade magazine related to the industry in which a company operates [eg a coffee growers/distributors magazine in this problem) 8 8 9