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Selected data from Emporia Company follow: Balance Sheets As of December 31 2017 $480,000 (20,000 $460,000 2018 Accounts receivable $600,000 $560,000 $500,000 40.000 Allowance for

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Selected data from Emporia Company follow: Balance Sheets As of December 31 2017 $480,000 (20,000 $460,000 2018 Accounts receivable $600,000 $560,000 $500,000 40.000 Allowance for doubtful accounts Net accounts receivable Inventories, lower of cost or market $400,000

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