Bailey Inc's books revealed the following data for 2020 after all adjustments were made: Cash sales $825.000 Sales returns (on credit sales) 35,000 Allowance for doubtful accounts (credit 3,800 balance) Credit sales 575.000 Accounts receivable 168.000 Bailey estimates bad debt expense based on 2% of net credit sales. The net carrying value of accounts receivable before the bad debt expense is recognized is $ 156.500. O $164.200. $168.000. $171.800