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The Thumper Co. has $112,000 of receivables from customers at the end of 2019. The chart below lists the age of the receivables and Thumper's assessment of the percentage estimated as uncollectible
Days past due Receivables Probability not collected
0 $65,000 2%
1-30 $24,000 5%
31-60 $15,000 11%
past 60 $8,000 16%
total $1 12,000
Problem 1: What balance would Thumper report as Accounts Receivables, Net, at the end of 2019?
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