Accounts Receivable, January 1 2,000,000

Credit sales 10,000,000

Collection from customers, excluding the recovery of accounts written off 8,000,000

Accounts written off as worthless 100,000

Sales returns 500,000

Recovery of accounts written off 50,000

Estimated future sales returns on December 31 150,000 Estimated uncollectible accounts on December 31 per aging 300,000

What is the net realizable value of accounts receivable on December 31, 2020? A. 3,400,000 B. 3,100,000 C. 2,950,000 D. 2,900,000