At the beginning of 2017, Delicious Drinks, Inc. has the following account balances:

Accounts Receivable $44,000 (debit balance)

Allowance for Bad Debts $6,000 (credit balance)

Bad Debts Expense $0

During the year, credit sales amounted to $800,000. Cash collected on credit sales amounted to $760,000, and $18,000 has been written off. At the end of the year, the company adjusted for bad debts expense using the

percentminusofminussales

method and applied a rate, based on past history, of 3.5%. The ending balance of Accounts Receivable is ________.

A.

$56,140

B.

$66,000

C.

$44,000

D.

$18,000