Given the following information, what is the Net Realizable Value of Accounts Receivable at the end of the period?

Beginning Accounts Receivable	$10	Beginning Allowance	$2
Credit Sales	$40	Bad Debt Expense	$6
Sales Returns	$2	Write-offs	$5
Sales Discounts	$1	Write-off reversals	$2
Sales Allowances	$1
Write-offs	$5
Write-off reversals	$2

a. $38

b. $50

c. $46

d. $48