9) Switzer, Inc. has 8 computers which have been part of the inventory for over two years. Each computer cost $900 and originally retailed for $1,100. At the statement date, each computer has a current replacement cost of $600. What value should Switzer, Inc., have for the computers at the end of the year? a. $2,400. b. $3,200. c. $4,800. d. $7,200. 10) NOTE: Read the additional power point for Chapter 9 before answering this question. On October 1, 2019, Milagro Company sells (factors) $700,000 of receivables to Beanfield Factors, Inc. Beanfield assesses a service charge of 3% of the amount of receivables sold. The journal entry to record the sale by Milagro will include a. a debit of $700,000 to Accounts Receivable. b. a credit of $721,000 to Cash. c. a debit of $721,000 to Cash. d. a debit of $21,000 to Service Charge Expense.