On 1/1/20, Apex Corporation had a balance of $420,000 in Accounts Receivable and $24,000 in Allowance for Doubtful Accounts. The following transactions occurred in 2020: (1) On 3/8/20, one of Apex's customers who owed Apex $15,000 went bankrupt. Apex decided to write off the amount. (2) Apex provided consulting services for a total of $300,000. All sales are made on credit. (3) On 12/31/20, Apex Corporation decides that it will likely not be able to collect 1% of its credit sales made in 2020. (4) Apex collected $350,000 during 2020 from customers. Which of the following is TRUE? Apex had Net Accounts Receivable of $330,000 at the beginning of 2020. Apex recognized a Bad Debt Expense of $15,000 on 3/8/20. Apex had Net Accounts Receivable of $385,000 at the end of 2020. Apex had Net Accounts Receivable of $343,000 at the end of 2020