Spartan Sportswear's current assets consist of cash, short-term investments, accounts receivable, and inventory. The following data were abstracted from a recent financial statement Inventory Total assets Current ratio Meid-test ratio Debt to equity ratio 310.000 S810,000 3.80 1.70 Required: Compute the shareholders' equity for Spartan Shareholders equity The balance in accounts receivable at the beginning of 2021 was 5600. During 2021, S1600 of credit sales were recorded. If the ending balance in accounts receivable was $140 and $300 in accounts receivable were written off during the year, the amount of cash collected from customers during 2021 was Multiple Choice . 2060 S1600 $2200. For 2021, Rahal's Auto Parts estimates bad debt expense of 3% of credit sales. The company reported accounts receivable and an allowance for uncollectible accounts of $89.000 and $2.600, respectively, at December 31, 2020. During 2021. Rahal's credit sales and collections were $409.000 and $413,000, respectively, and $2,840 in accounts receivable were written of Rahal's 2021 bad debt expense is: Multiple Choice O $12,390 $2,840 o oo None of these answer choices are correct O $2,600