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Lankton Company has the following account balances at year-end: Accounts receivable $80,000 Allowance for doubtful accounts 4,800 Sales discounts 3,200 Lankton should report accounts receivable

Lankton Company has the following account balances at year-end: Accounts receivable $80,000 Allowance for doubtful accounts 4,800 Sales discounts 3,200 Lankton should report accounts receivable at a net amount of a. $72,000. b. $75,200. c. $76,800. d. $80,000.

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