On December 31, 2018, the end of Larry's Used Cars' first year of operations, the accounts receivable was $53,600. The company estimates that $1,200 of the year-end receivables will not be collected. Accounts receivable in the 2018 balance sheet will be valued at:
a. $53,600.
b. $54,800.
c. $52,400.
d. $1,200.
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