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KS sold on credit 2,500 KSX baseball gloves for $50,000 to Q-Mart in November 2020. Q-Mart is a large public company, with retail stores across Canada and the United States. Around year end, analysts have begun reporting that Q-Mart is having serious financial difficulties and may file for bankruptcy if its lenders do not restructure its debt. Q-Mart’s share price has plummeted in recent weeks. Michael suggests writing off the $50,000 account receivable.