Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $ 9,800 Cost of goods sold 7,600 Depreciation 335 Earnings before interest and taxes $ 1,865 Interest paid 99 Taxable income $ 1,766 Taxes 530 Net income $ 1,236 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 2016 2017 Cash $ 300 $ 315 Accounts payable $ 1,760 $ 1,575 Accounts rec. 970 870 Long-term debt 1,000 1,460 Inventory 1,740 1,700 Common stock 3,220 3,070 Total $ 3,010 $ 2,885 Retained earnings 520 770 Net fixed assets 3,490 3,990 Total assets $ 6,500 $ 6,875 Total liab. & equity $ 6,500 $ 6,875 What were the total dividends paid for 2017? Multiple Choice $921 million $986 million $455 million $645 million $250 million

Swathmore clothing corporation grants its customers 30 days' credit. the company uses the allowance method for its uncollectible accounts receivable. during the year, a monthly bad debt accrual is made by multiplying 3% times the amount of credit sales for the month. at the fiscal year-end of december 31, an aging of accounts receivable schedule is prepared and the allowance for uncollectible accounts is adjusted accordingly. at the end of 2012, accounts receivable were dollar 586.000 and the allowance account had a credit balance of dollar 50,000. accounts receivable activity for 2013 was as follows: the company's controller prepared the following aging summary of year-end accounts receivable: prepare a summary journal entry to record the monthly bad debt accrual and the write-offs during the year. (if no entry is required for a particular event, select "no journal entry required" in the first account field.) prepare the necessary year-end adjusting entry for bad debt expense. (if no entry is required for an event, select "no journal entry required" in the first account field.) what is total bad debt expense for 2013? calculate the amount of accounts receivable that would appear in the 2013 balance sheet?