A company had balances in certain accounts as follows: 1/1/19 12/31/19 2019 $ 54,000 650 $ 57,600 950 Accounts receivable Allowance for doubtful accounts. Sales (gross). Sales retunis and allowances Provision for bad debts........ $320,000 5,000 2,900 The December 31, 2019, balances of accounts receivable and the allowance for doubtful ac- counts are after accounting for all events affecting these accounts during the year (including the writing off of uncollectible accounts). Cash collected (from customers) during the year ended December 31, 2019, amounted to: A) $307,850 B) $308,500 C) $308,800 D) $311,400 E) $313,800