On December 31, 2022, Ace Hardware reported the following information on its balance sheet: Accounts Receivable $1,350,000 Allowance for Doubtful Accounts (credit) 81,000 During 2023, the Company had the following transactions related to receivables: Sales on Account $4,500,000 Collections on Account 4,275,000 Write-offs of uncollectible accounts 90,000 Recovery of previously written off accounts 18,000 If bad debts are estimated to be 1.50% of credit sales, determine the ending balance in the Allowance for Doubtful Accounts after adjustment, at the end of 2023: Select one: a. $67,500 b. $94,500 c. $76,500 d. $74,250 e. $58,500