Teeming Company uses the allowance method of accounting for bad debts. The fo was prepared from an aging of accounts receivable outstanding on December 31 of the current year. No. of Days Probability 0-30 days 31-60 days Over 60 days $500, 000 200,000 100,000 The following additional information is available for the current year: Net credit sales for the year .. . . . . . . . . . . . Allowance for Doubtful Accounts: $4,000,000 3 45,000 (cr) 4,000 (dr) See Teeming Company information above. If Teeming determines bad debt expense using 1.5 percent of net credit sales, the net realizable value of accounts receivable on the December 31 balance sheet will be a. $744,000. b. $740,000. c. $738,000. d. $750,000. Ser Tremine Company information above. If Teeming bases its estimate of bad debts on the aging of 13. .. lo ld ing December 31 is