1. Becky Empress of Rugs had net sales (all on account) in 2017 of $8,000,000. At December 31, 2017, before adjusting entries, the balances in selected accounts were accounts receivable $1,000,000 debit, and allowance for doubtful accounts $2,000 debit. Becky estimates that 3% of its credit sales will prove to be uncollectible. What is the net realizable value of the receivables reported on the financ

   . $32,000

   b. $762,000

   c. $760,000

   d. $240,000

   ial statements at December 31, 2017?