On December 31, 2020, Tallin Inc. establishes an allowance for doubtful accounts (allowance for credit losses) of 3% of its accounts receivable balance of $200,000. On March 15, 2021, Tallin Inc. receives payment on a $1,000 account that had been previously written off.

What is the net value of accounts receivable before and after the recovery?

Accounts Receivable, Net Before Write-Off: $194,000; Accounts Receivable, Net After Write-Off: $194,000

Accounts Receivable, Net Before Write-Off: $194,000; Accounts Receivable, Net After Write-Off: $195,000

Accounts Receivable, Net Before Write-Off: $200,000; Accounts Receivable, Net After Write-Off: $199,000

None of these

Accounts Receivable, Net Before Write-Off: $194,000; Accounts Receivable, Net After Write-Off: $193,000