Tofu Corporation has the following information at year end: Accounts receivable $20,000 Allowance for Bad Debts $500 (before adjustment) Credit sales for the year $175,000 Total sales $200,000. A historical rate of uncollectible accounts of 2% An aging analysis showing $1,600 of the $20,000 as likely uncollectible Which method will yield the more conservative valuation of Accounts Receivable on the balance sheet?

• The Aging method

• The NRV method

• All these methods yield the same valuation

• The Percentage of sales method

• The LCM method