The 1,500 accounts receivable of King Holdings have a total book value of $30,000. Celine Grayson has selected and audited a sample of 100 accounts with a total book value of $1,950. The audited value of the 100 accounts in the sample is $1,875. Using the ratio estimation technique, Grayson's estimate (to the nearest dollar) of year-end accounts receivable balance would be:

$27,500

$38,462

$38,500

$28,846