The accounts receivable turnover ratio for 2020 of Company A is 14.4. The companys net sales revenue for the year amounted to $20,000 and 90% of the companys sales are made on credit. Assume the entire accounts receivable balance consists of trade receivables and the beginning balance of Accounts receivable for January 1, 2020 was $1,000. The ending balance of Accounts receivable for December 31, 2020 is:

Select one:

a.

$1,000

b.

$1,500

c.

$1,389

d.

$1,778