During the year, Kiner Company exhausted all collection efforts, and concluded collection on an account with a balance of $32,000 was impossible. Accordingly, the Company made an entry to write off the account. Before this entry was made, the balance in accounts receivable was $400,000 and the balance in the allowance account was $36,000. The net amount expected to be collected of accounts receivable after the write-off entry was

		$400,000.
		$332,000.
		$396,000.
		$364,000.