QUESTION 33 Tom Company (which uses a perpetual inventory system) has the following account balances after adjusting entries at December 31, 2012: Cash $ 227,000 Merchandise Inventory (12/31/2012) 100,000 Equipment 120,000 Accounts Receivable 105,000 Common Stock ($.50 par) 350,000 Sales 880,000 Rent Expense 67,000 Bonds Payable (due 2040) 120,000 Accounts Payable 27,000 Dividends 10,000 Treasury Stock, Common (19,000 shares) 47,000 Preferred Stock 6% ($10 par) 85,000 Land 260,000 Paid-in Capital in Excess of Par Value, Preferred 8,000 Cost of Goods Sold 720,000 Interest Expense 20,000 Unearned Revenue 23,000 Paid-in Capital from Treasury Stock Transactions, Common 56,000 Allowance for Doubtful Accounts 5,000 Operating Expenses 95,000 Accumulated Depreciation- Equipment 30,000 Paid-in Capital in Excess of Par Value, Common 117,000 Retained Earnings (1/1/2012) 70,000 The net realizable value of the accounts receivable at December 31, 2012 is: $100,000 $95,000 $105,000 $110,000 None of the above