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Finland Inc has the following Accounts Receivable Aging on March 31 Aging Bucket Current 1-90 days 91-180 days 181-365 days 366+ days Amount Outstanding 300,000

Finland Inc has the following Accounts Receivable Aging on March 31

Aging Bucket Current 1-90 days 91-180 days 181-365 days 366+ days
Amount Outstanding 300,000 180,000 100,000 50,000 15,000

March sales were $320,000

February ending balance in Allowance for Doubtful Accounts was $30,000 Credit

Finland uses the Percentage of Receivables Method and a 5% reserve rate. What is the required reserve at the end of March?

Group of answer choices

32,250

3,200

15,000

3,000

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