XYZ Company ended year 1 with accounts receivable of $100,000. On February 1, Year 2 XYZ provided services on account for $40,000. On May 1, Year 2 XYZ provided services for $20,000 cash. On November 1, Year 2 XYZ provided services on account for $70,000. What is the ending balance in accounts receivable as of December 31, Year 2?
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