This Question: 2 pts 3 of 50 (4 complete) This Test: 100 pts possible est Allen Company uses the percent-of-sales method for estimating bad debts expense. The company's bad debt expense is normally 2% of net credit sales which were $400,000 for the year. During the year $800 was written off. The Allowance for Bad Debts account had a beginning credit balance of $1,200. What is the net realizable value of receivables if Accounts Receivable has a balance of $160,000? OA. $151,600 OB. $152.800 OC. $160,000 OD. $168,800 Click to select your answer DELL Pearson