This company sells its merchandise only on credit. The following data are available for the year ended December 31. 
-Refer to Abundant Returns. The firm estimates that bad debts could be 2% of net sales.
A)What amount will the company recognize as bad debts expense for the year?
B)Assume that the company has a balance of Accounts Receivable of $108,900, and an Allowance for Doubtful Accounts of $820. What will be the net realizable value once the adjustment from (Part A) is made?
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