1) On December 31, 2018, the end of Larry's Used Cars' first year of operations, the 1) 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) $1.200. B) $54.800. C) $53.600. D) $52.400