With solution please

Apollo Company uses the allowance method of accounting for bad debts. The following summary schedule was prepared from an aging of accounts receivable outstanding on December 31 of the current year. No. of Days Probability Outstanding Amount of Collection 0-30 days P500,000 .98 31-60 days 200,000 .90 Over 60 days 100,000 .80 The following additional information is available for the current year: The balance of Allowance for Bad Debts as of January 1 is P2,000 credit. If Apollo bases its estimate of bad debts on the aging of accounts receivable, what is the net realizable value of accounts receivable as of December 31? O P738,000 O P752,000 O P800,000 O P750,000