Big Joe Mentalino, Inc. provides the following information f…

Big Joe Mentalino, Inc. provides the following information for the year ended December 31. Big Joe Mentalino uses the percent of sales method and estimates that 0.50% of NET SALES will be uncollectible.  Net Sales, $74,000,000 Outstanding Accounts Receivable (at end of FY), $10,900,000 Allowance for Doubtful Accounts (before adjustments), $7,600 CREDIT At what amount will NET RECEIVABLES be reported on the December 31 balance sheet? (6 points). SHOW YOUR WORK FOR POTENTIAL OF EARNING PARTIAL CREDIT IN THE CASE OF AN INCORRECT ANSWER.