After the accounts are adjusted at the end of the fiscal year, Accounts Receivable has a balance of $400,000 and Allowance for Doubtful Accounts has a balance of $35,000. Bad debt expense for the year totaled $55,000. What is the net realizable value of the receivables?

A) $365,000 B) $400,000 C) $380,000 D) $345,000