This company sells merchandise only on credit. For the year ended December 31, the following data are available: 
-Refer to Aardvark Resale. Assume that the company estimates bad debts at 2% of net credit sales.
A)What amount will the company record as bad debts expense?
B)How much is the net realizable value of accounts receivable reported on the company's balance sheet at December 31?
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