Kris Company began operations on November 1, 2014. Sales data for the first years of operations were as follows:

Year	Total Credit Sales
2014	$100,000
2015	$1,500,000
2016	$1,020,000

All sales to customers are made on account. Collections on the accounts receivable were:

Year	Cash Collections
2014	$76,800
2015	$761,500
2016	$1,160,000

Some customers of Kris Company have not paid their bills on time, and the company decided to write off those accounts receivable balances. A schedule of write-offs follow:

Customer Name	Date of the write off	Amount of the write-off
Y. Diamond	3-15-2015	$1,500
T. Ruby	6-15-2015	$2,100
L. Emerald	10-02-2015	$5,400
P. Sapphire	12-30-2015	$5,100
J. Topaz	1-05-2016	$8,000
R. Aquamarine	1-20-2016	$6,500
R. Peridot	5-15-2016	$2,000
R. Garnet	11-20-2016	$3,500

In some cases, after the receivable was written off, the customer subsequently paid some or all of the balance that was due. These subsequent payments are not included in the cash receipts noted above. The following schedule shows these payments of delinquent accounts:

Customer Name	Original A/R Dollar Amount	Date A/R Written Off	Date Reinstated	Amount Customer Pledged to Pay	Date Cash Collected	Amount of Cash Collected
Y. Diamond	$1,500	3-15-2014	9-15-2015	$1,500	9-15-2015	$1,500
J. Topaz	$8,000	1-05-2016	4-15-2016	$8,000	8-15-2016	$6,700
R. Peridot	$2,000	5-15-2016	9-18-216	$2,000	9-18-2016	$1,000

Assume Adam Kris Company uses the balance sheet approach to record the Allowance for Doubtful Accounts account. Data for Part B is as follows:

Year	Allowance %
2014	8.0%
2015	8.4%
2016	8.6%

Questions

Using the T account tool, demonstrate the activity in the Allowance for Doubtful Accounts account for the years 2014,2015,2016

Show the calculation of the Net Realizable Value of the receivables at December 31, 2016.