8. At the beginning of 2018, Anas Sour Drinks, Inc. has the following account balances: Accounts Receivable $44,000 (debit balance) Allowance for Bad Debts $6,000 (credit balance) Bad Debts Expense $0 During the year, credit sales were $750,000. Cash collected on credit sales amounted to $660,000, and $18,000 has been written off. At the end of the year, Anas Sour Drinks adjusted for bad debts expense using the percent-of-sales method and applied a rate, based on past history, of 3.5%. The ending balance of Accounts Receivable is ________. A) $90,000 debit balance B) $152,000 credit balance C) $116,000 debit balance D) $2,250 credit balance