The following is the adjusted trial balance for Stockton Company.

Stockton Company Adjusted Trial Balance December 31
Cash	6,102
Accounts Receivable	2,996
Prepaid Expenses	699
Equipment	13,364
Accumulated Depreciation		6,051
Accounts Payable		1,511
Notes Payable		4,777
Common Stock		1,000
Retained Earnings		8,282
Dividends	805
Fees Earned		6,870
Wages Expense	2,976
Rent Expense	768
Utilities Expense	495
Depreciation Expense	216
Miscellaneous Expense	70
Totals	28,491	28,491

Determine the net income (loss) for the period.

The payroll register for Majors Music contained the following totals for the month of May:

Salaries 10,000 FICA taxes withheld 750 Income taxes withheld 2,000 Medical insurance deductions 450 Unemployment taxes 420

The entry to record accrual of employers payroll taxes would include a

credit to Payroll Tax Expense for $420 debit to Payroll Tax Expense for $1,170 debit to FICA Taxes Payable for $1,500 debit to Payroll Tax Expense for $1,620

After the accounts are adjusted and closed at the end of the fiscal year, Accounts Receivable has a balance of $770,752 and Allowance for Doubtful Accounts has a balance of $23,837. What is the net realizable value of the accounts receivable?

a.$794,589

b.$746,915

c.$23,837

d.$770,752