Princess Company's Accounts Receivable Balance at December 31 Was $300,000

Princess Company's Accounts Receivable balance at December 31 was $300,000 and there was a credit balance of $1,400 in the Allowance for Doubtful Accounts. The year's sales were $1,800,000. Princess estimates credit losses for the year at 1.5% of sales.
After the appropriate adjusting entry is made for credit losses, what is the net amount of accounts receivable included in the current assets at year-end?

A) $300,000
B) $271,600
C) $325,400
D) $277,400