On its 12/31/23 Balance Sheet, John's Clothing Inc. reports 'Accounts Receivable, net' of $1,130,000. In the footnotes, John's Clothing Inc. reports that its Allowance for Doubtful Accounts is $70,000 as of 12/31/23. What is the balance in John's Clothing Inc.'s Accounts Receivable t-account as of 12/31/23?

$1,130,000

$1,060,000

$1,000,000

$1,200,000