Assume that an organization asserts that it has $$35$ million in net accounts receivable. For which of the following is management correctly asserting with respect to net accounts receivable?a$.$ There are no management assertions that the organization owns the receivables and that they have not been sold, pledged, etc.b$.$ There are no presentation and disclosure assertions.c$.$ There are no valuation or allocation assertions.d$.$ The recorded accounts receivable exist at the balance sheet date and relate to valid sales.