The following item appeared on the December 31, 2011, balance sheet of a company: Receivables, less allowance of $1,100 $18,000 On January 1, 2012, the owner of the company wrote off a $1,000 customer account. There were no other transactions on that day. After the write-off, what is the value of the net receivables? A) $18,000 B) $17,000 C) $16,900 D) $17,900