4. ABC Company has the following account balances. Calculate the gross accounts receivable balance at the end of July (worth 2 pts) - Gross accounts receivable (7/1/20) - $100,000 Allowance for uncollectible accounts (7/1/20) - $40,000 Sales during the month - $1,000,000 Sales retums during the month - $350,000 Accounts written off during the month - $10,000 Cash collected from credit sales during the month - $300,000 ("Hint - You are calculating GROSS accounting receivable) A - 440,000 B - 60,000 C-400,000 D-740,000