At December 31, 2012 Mower Company's inventory records indicated a balance of $652,000. Upon further investigation it was determined that this amount included the following:(1)$112,000 in inventory purchases made by Mower shipped from seller 12/27/12 terms FOB destination, but not due to be received until January 2nd. (2)$74,000 in goods sold by Mower with terms FOB destination on December 27th. The goods are not expected to reach their destination until January 6th. (3) $6000 of goods received on consignment from Dolly Company. What is Mower's correct inventory balance at December 31,2012?

A.	$540,000
B.	$646,000
C.	$460,000
D.	$534,000

Valdez Company uses the percent of receivables method to estimate uncollectible accounts expense. Valdez began 2012 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $38,250 and $2,900, respectively. During the year, the company wrote of $2,322 in uncollectible accounts. In preparation for the company's 2012 estimate, Valdez prepared the following aging schedule: Not yet due $26,000--1% uncollectible, $11,250--5% uncollectible, $2,480--10% uncollectible, $1,100--25% uncollectible, $950--50% uncollectible. What will Valdez record as Bad Debt Expense for 2012?

A.	$1,243
B.	$1,823
C.	$2,320
D.	$3,563

Thanks