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On January 1, Year 2 Kincald Company's Accounts Recelvable and the Allowance for Doubtful Accounts carried balances of $71,800 and $3.100, respectively. During Year 2. Kincald reported $194.000 of credit sales, wrote off $1.800 of receivables as uncollectible, and collected cash from receivables amounting to $234,500. Kincald estimates that it will be unable to collect one percent (1%) of credit sales. What is the net realizable value of receivables that will be reported on Kincald's Year 2 balance sheet? Multiple Choice $27.560 $26.260 $31,300 $29,500