Certain account balances from the general ledger of a company at the beginning of a year are given below: During the year, sales on account were $700,000; collections on account were $660,000. In compiling interim statements during the year, estimated unknown uncollectible accounts of $3,500 were charged to bad debt expense. Specific accounts amounting to $2,400 were also written off as uncollectible. At the end of the year (after recording the events described above), the company prepared an aged trial balance of billed and open accounts receivable. Based on an analysis of the aged trial balance, management decided that the final year-end balance in the allowance for uncollectible accounts should be $2,900. Accordingly, the company's accountant made an adjusting entry at the end of the year to reflect management's decision (i.e., judgment regarding uncollectible accounts). After making the final year-end adjustment, which of the following is a correct statement: A) The final amount of bad debt expense charged against income for the year is $3,200. B) The final amount of bad debt expense charged against income for the year is $2,900. C) The reported balance of gross accounts receivable (i.e., billed and open accounts) at the end of the year amounts to $217,300. D) The reported balance of net accounts receivable (i.e., gross accounts receivable less the allowance for uncollectible accounts) at the end of the year amounts to \$211,200. E) The reported balance of net accounts receivable (i.e., gross accounts receivable less the allowance for uncollectible accounts) at the end of the year amounts to $214,400