The following information is related to December $31,2023,$ balances.

$$ Accounts receivable $$700,000$

$$ Allowance for doubtful accounts $($credit$)(60,000)$

$$ Cash realizable value $640,000$

During $2024$ sales on account were $$195,000$ and collections on account were

$$115,000.$ Also, during $2024$ the company wrote off $$11,000$ in uncollectible accounts. An analysis of outstanding receivable accounts at year end indicated that bad debts should be estimated at $$72,000.$ The change in the cash realizable value from the balance at $12/31/23$ to $12/31/24$ was

A$)$ $$68,000$ increase.

B$)$ $$80,000$ increase.

C$)$ $$57,000$ increase.

D$)$ $$69,000$ increase.

$3.$ Bad debt expense for $2024$ is:

A$)$ $$23,000.$

B$)$ $$12,000.$

C$)$ $$72,000.$

D$)$ $ $1,000.$

$4.$ The interest on a $$6,000,6\%,90-$day note receivable is

A$)$ $$360.$

B$)$ $$180$

C$)$ $$90.$

D$)$ $$270.$