On December 31, 2021, the end of Adie, Miles, & Auer Used Cars' first year of operations, the accounts receivable was $107,200. The company estimates that $2,400 of the year-end receivables will not be collected. Accounts receivable in the 2021 balance sheet will be valued at:

• 107,200.

• $109,600.

• $104,800.

• $2,400.