Legacy Company uses the aging of accounts recelvable method. The company performed an aging of accounts receivable on December $31$ and gathered the following information:

Accounts Receivable

Unadjusted Credit balance in Allowance for Doubtful Accounts Estimated Uncollectible Accounts Receivable

$$420,000$

$16,000$

$23,200$

What is the amount of Accounts Recelvable, Net that will be reported on the balance sheet at December $31?$

Multiple Choice

$$ $$404,000$

$$ $$396,800$

$$373,600$

$$ $$412,800$