Tylas bakery estimates the allowance for uncollectible accounts at 1% of the ending balance of accounts receivable. During 2024, Tylas credit sales and collections were $117,000 and $141,000, respectively. What was the balance of accounts receivable on January 1, 2024, if $240 in accounts receivable were written off during 2024 and if the allowance account had a balance of $750 on December 31, 2024?

A.) $41,000

B.) $480

C.) $99,240

D.) None of these answer choices are correct.