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SVE SER S Hancock Medical Supply Co., earned $84,500 of revenue on account during Year 1, its first year of operation. During Year 1, Hancock

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SVE SER S Hancock Medical Supply Co., earned $84,500 of revenue on account during Year 1, its first year of operation. During Year 1, Hancock collected $67.200 of cash from its receivables accounts. The company did not write-off any uncollectible accounts. It estimates that it will be unable to collect 1% of revenue on account. What is the net realizable value of receivables that will be reported on the balance sheet at December 31, Year 17 Multiple Choice O $27527 $16.455 $17.300 $16.628

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