1. Listed below are accounts and their balances as of 12/31/Y1. Which of the following statements is true related to this information?

   Accounts Receivable	$150,000
   Allowance for Doubtful Accounts	$15,000
   Bad Debt Expense	$5,000
   Cost of Goods Sold	$150,000
   Sales Discounts	$20,000
   Sales Returns	$7,000
   Sales Revenue	$450,000

   		Cash (Net) Realizable Value of Accounts Receivable is $135,000
   		Net Sales Revenue is $430,000
   		Cash (Net) Realizable Value of Accounts Receivable is $130,000
   		Net Sales Revenue is $443,000