Leno, Inc. Data for Leno, Inc. for 2012 are presented below. Credit sales during the year $3,200,000 Accounts receivable--December 31, 2012 325,000 Allowance for bad debts--December 31, 2012 35,000 Bad debt expense for the year 20,000 Refer to the information given above for Leno, Inc. What amount will Leno show on its year-end balance sheet for the net realizable value of its accounts receivable?

a. $290,000 b. $325,000 c. $280,000 d. $305,000