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Smith Company had the following transactions and information. - Beginnig Accounts receivable balance at 1/1/17 is $12,000. - Made $100,000 sales on account during the

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Smith Company had the following transactions and information. - Beginnig Accounts receivable balance at 1/1/17 is $12,000. - Made $100,000 sales on account during the year - Made $300,000 cash sales during the year - Received payments from customers for payments on account of $89,000. What is the ending balance in the accounts receivable account after all the transactions? ( 4 points)

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