At the end of the current year, Accounts Receivable has a balance of $550,000; Allowance for Doubtful Accounts has a credit balance of $5,500; and sales for the year total $2,500,000. An analysis of receivables estimates uncollectible receivables as $25,000. The net realizable value of accounts receivable after adjustment will be:

Select one:

a.$575,000

b.$525,000

c.$550,000

d.$544,500