Use the following to answer questions $28-29$:

Accounts receivable

Allowance

Cash realizable value

During $2017,$ sales on account were $$145,000$ and collections on account were $$86,000.$ Also

during $2017$; the company wrote off $$8,000$ in uncollectible accounts. An analysis of outstanding

receivable accounts at year end indicated that bad debts should be estimated at $$54,000.$

The change in the cash realizable value from the balance at $\frac{12}{31}\frac{?}{2016}$ to $\frac{12}{31}\frac{?}{2017}$

was a:

A$)$ $$50,000$

B$)$ $$59,000.$

C$)$ $$42,000$

D$)$ $$51,000$

Bad debts expense for $2017$ is:

A$)$ $$17,000$

B$)$ $$9,000$

C$)$ $$54,000$

D$)$ $$1,000$