Charlie Motor Company had a balance in the allowance for doubtful accounts of $5,700 at the beginning of the year. During the year, Charlie had net credit sales of $500,000. Assuming that Charlie records bad debt expense at a rate of 2% of net credit sales and wrote off a $4,500 account during the year, what is the ending balance of the allowance account?

$8,800.

$10,200.

$11,000.

$11,200.