At the beginning of Year 3 Omega Company had a $61,500 balance in its accounts receivable account and a $3,300 balance in allowance for doubtful accounts. During Year 3, Omega experienced the following events. (1) Earned $258,000 of revenue on account. (2) Collected $249,000 cash from accounts receivable. (3) Wrote off $10,500 of accounts receivable as uncollectible. Omega estimates uncollectible accounts to be 2% of receivables. Based on this information, the December 31, Year 3 balance in the accounts receivable account is:

Multiple Choice:

$60,000

$49,500

$61,500

None of these choices are correct.