Bay Company began using the allowance method in 2014. On January 1, 2014, Bay had a $3,300 balance in the Accounts Receivable account and a zero balance in the Allowance for Doubtful Accounts account. During 2014, Bay provided $28,000 of service on account. The company collected $22,500 cash from account receivable. Uncollectible accounts are estimated to be 2% of sales on account.

The net realizable value of Bay's accounts receivable as of December 31, 2014 was

A. 560 B 8,800 C 4,400 D 8240