At the close of its first year of operations on December 31, 2008, Walker Company had accounts receivable of \($250,000\), which were net of the related allowance for doubtful accounts. During 2008, the company had charges to bad debt expense of \($40,000\) and wrote off, as uncollectible, accounts receivable of $10,000.

Required:
What should the company report on its balance sheet at December 31, 2008 as accounts receivable before the allowance for doubtful accounts?