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6. Community Bank has agreed to establish a Revolving Line of Credit for Bear, Inc. Bear has provided the following Accounts Receivable Aging report to

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6. Community Bank has agreed to establish a Revolving Line of Credit for Bear, Inc. Bear has provided the following Accounts Receivable Aging report to Community Bank. The RLOC is for $250,000. Community Bank has agreed to advance 70% of current accounts and accounts less than 31 days past due plus 30% of accounts 31-60 days past due. However, Community Bank WILL NOT allow any advance based on any account with any balance past due more than 60 days. What is the amount Bear, Inc. can advance on the RLOC based on the Aging Report below? Bear, Inc. Accounts Receivable Aging Report as of January 31, 2019. Past Due Total Customer Current 1-30 Days 31-60 Days 61-90 Days 91+ Days Receivables Winsdor House Co. $27,650 $7,750 $35,400 Marvil & Sons, Inc $17,330 $5.700 $3,000 $26,030 X-treme Sports LLC $2,850 $700 $300 $3,850 A-One Co. $47.500 $47,500 Estroz Corp $22,550 $4.800 $27,350 Xander LTD $15,650 $1.330 $2,100 $1,750 $20,830 Star-X LLC $6.450 $1,800 $8,250 TOTAL $139,980 $20,280 $2,100 $2,100 $4,750 $169,210

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