X Company started the year with a $3,600 balance in accounts receivable and a $300 balance in the allowance for doubtful accounts. The company had credit sales of $20,000, collections on accounts receivable of $19,000, and wrote off uncollectible accounts of $200 during the year. The company believes that 3 percent of its credit sales will be uncollectible.

The net realizable value of receivables at the end of the year would be

A 4600

B 4400

C 5100

D 3700