For $20$X$7,$ Wilkins, Inc. estimates bad debt expense at $1\%$ of credit sales. On its Balance Sheet, the company reported Accounts Receivable, net of allowance of

$$2,100,$ of $$84,400$ at December $31,206.$ During $2017,$ Wilkins' credit sales were $$404,000,$ its collections were $$408,000,$ and $$2,340$ in accounts receivable

were written off. The general ledger balance for the accounts receivable account at December $31,20$x$7,$ is

Multiple Choice

$$88,160$

$$82,500$

$$80,160$

None of the above is correct