O A $96,000 OB. $130,000 O C. $121,000 OD $154,000 As an interim measure, Rickard Manufacturing Inc, calculates its allowance for doubtful accounts based on 3% of credit sales on a monthly basis. It then uses the balance sheet approach to estimate the required year-end allowance for doubtful accounts. The following data are available for the 11 months ending November 30, 20X5 Total sales for the 11 months ending November 30, 20X5 $4,000,000 Credit sales as a percentage of total sales 80% Allowance for doubtful accounts January 1, 20X5 $60,000 CR Collection of accounts receivables written of in prior years $9,000 Customer accounts written off as uncollectable between January 1 and November 30, 20X5 $35.000 What is the balance of the allowance for doubtful accounts for Rickard as at November 30, 20X6