Michael Company uses the percent-of-sales method for estimating bad debts expense. The company's bad debt expense is normally 4% of net credit sales which were $410,000 for the year. During the year $2.700 was written off. The Allowance for Bad Debts account had a beginning debit balance of $1,000. What is the net realizable value of receivables if Accounts Receivable has a balance of $300,000 OA. $410,000 OB. $283,600 OC. $279,900 OD. $287,300