Problem 12.1 ee, Ie, has net sales of 15 milion, and 75 ent of these are creit sales ts cost of goods seld is 65 percent of annual net sales, The hre, $ 1,591,000, while ts accounts payalir balance 82,06.000. receivable balancw? (hHnd 1S.1. and final answer to What is the em's accounts receivable falance? (ound intermediate calculations to I decimal places, n- ,1,ado, while ts acuntseyable balance is 2.06,000 w