On the December 31, 2006 balance sheet of Mann Co., the current receivables consisted of the following:

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Trade accounts receivable

$ 93,000

Allowance for uncollectible accounts

(2,000)

Claim against shipper for goods lost in transit (November 2006)

3,000

Selling price of unsold goods sent by Mann on consignment at 130% of cost (not included in Mann’s ending inventory)

26,000

Security deposit on lease of warehouse used for storing some inventories

30,000

Total

$150,000

At December 31, 2006, the correct total of Mann’s current net receivables was

  1. $ 94,000
  2. $120,000
  3. $124,000
  4. $150,000