Adidas, Inc had net sales in 2020 of 700,000. At December 31, 2020, before adjusting entries, the balances in selected accounts were: accounts receivable 125,000 debit, and allowance for doubtful accounts 1,200 credit. Adidas estimates that 2% of its net sales will prove to be uncollectable. What is the cash realizable value of the receivables reported on the statement of financial position at December 31, 2020? Select one: O a. 122,500 O b. 111,000 O c. 112,200 O d. 109,800