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tech Kenan, Inc. uses the percentage of receivables basis to estimate its bad debts. At December 31, 9 2011, Kenan estimates total bad debts that

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tech Kenan, Inc. uses the percentage of receivables basis to estimate its bad debts. At December 31, 9 2011, Kenan estimates total bad debts that will become uncollectible in the future as 4,500. The existing balance in the Allowance for Doubtful Accounts is a debit balance of 1,000. The Accounts Receivable balance at December 31, 2011 is 75,450. The cash realizable value of * Accounts Receivable reported on the statement of financial position at December 31, 2011 is (alea 2)

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