At the Beginning of 2019,Statewide Delivery Company Has the Following $\$ 44,000$

Multiple Choice

At the beginning of 2019,Statewide Delivery Company has the following account balances: Accounts Receivable $\$ 44,000$ (debit balance)
Allowance for Bad Debts $\$ 8000$ (credit balance) Bad Debts Expense $0
During the year,credit sales amounted to $800,000.Cash collected on credit sales amounted to $780,000,and $16,000 has been written off.At the end of the year,the company adjusted for bad debts expense using the percent-of-sales method and applied a rate,based on past history,of 3.5%.The ending balance of Accounts Receivable is ________.

A) $44,000
B) $48,000
C) $56,840
D) $16,000