- A partial balance sheet for Federra Company appears below.

Balance Sheet	December 31
Cash	$855,000
Accounts receivable, net of allowance of $5,900	565,000

Which one of the following statements is true concerning the companys accounts receivable as of December 31?

1. The company expects to collect $570,900 from its customers.
2. The net realizable value of the companys accounts receivable is $570,900.
3. The company estimates that its customers will not pay $5,900 of the amount owed.
4. The company is 100% certain that it will eventually collect the reported $565,000.