On January 1, Year 2, Kincaid Company's Accounts Receivable and the Allowance for Doubtful Accounts carried balances of $75,200 and $3,800, respectively. During Year 2, Kincaid reported $211,000 of credit sales, wrote off $2,050 of receivables as uncollectible, and collected cash from receivables amounting to $264,300. Kincaid estimates that it will be unable to collect one percent (1%) of credit sales. The net realizable value of receivables appearing on Kincaid's Year 2 balance sheet will amount to: a. $19,850.
b. $17,740.
c. $15,990.
d. $21,900.