Your Company earned $420,000 of revenue on account and $100,000 of cash sales during the year. It

collected $250,000 of its receivables during the year. There was no beginning balance in the

accounts receivable and allowance accounts. The company estimates that it will be unable to

collect 2% of its sales on account. Calculate the receivables net realizable value at year end.

A. $411,600 B. $159,600 C. $166,600 D. $161,600 E. $178,400