Smart Art is a new business. During its first year of operations, credit sales were $45,000 and collections from credit sales were $31,000. One account for $625 was written off Management uses he percent o sales method to account or bad debts expense and estimates 4% of credit sales to e un tible hat s he balance of Accounts Receivable at the end of the first year? O A. $11,575 B. $14,000 O C. $13,375 O D. $12,200