At January 1, 2018, SPK Inc reported the following information on its balance sheet: Accounts Receivables Allowance for Doubtful Accounts $900,000 $ 54,000 cr During 2018, the company had the following transactions related to receivables: Sales on Account Collections on Account Write-offs of uncollectable accounts Recovery of previously written off accounts $ $3,000,000 $2,850,000 $60,000 12,000 If bad debts are estimated to be 1.5% of credit sales, determine the ending balance in the Allowance for Doubtful Accounts after adjustments. A$39,000 B.$51,000 C $49,500 D $63,000 E$45,000