michael company uses the percent of sales method for estimating bad debts expense. the company's bad debt expense is normally 4% of net credit sales which were $410,000 for the year. during the year $2,700 was written off. the allowance for bad debts account had a beginning debit balance of $1,000. what is the net realizable value of receivables if accounts receivable has a balance of $300,000? a. $279,900 b. $283,600 c. $410,000 d. $287,300