The following information was taken from the records of Dallen Company for the year 2021:

Sales $700,000

Beginning Accounts Receivable 78,000

Estimated Bad Debts for the year 12,500

Actual bad debts written off during the year 9,800

Cash collected from Accounts Receivable 600,000

15% of sales are for cash

Compute the ending balance in accounts receivable (you may have a rounding difference so select the closest answer).

• $73,000
• $168,200
• $63,200
• $178,000
• $75,500