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 Percentage of sales method

The Aging method

All these methods yield the same valuation

The NRV method

The LCM method