At the Close of Its First Year of Operations, December

At the close of its first year of operations, December 31, 2008, Linn Company had accounts receivable of $540,000, after deducting the related allowance for doubtful accounts. During 2008, the company had charges to bad debt expense of $90,000 and wrote off, as uncollectible, accounts receivable of $40,000. What should the company report on its balance sheet at December 31, 2008, as accounts receivable before the allowance for doubtful accounts?

A) $670,000
B) $590,000
C) $490,000
D) $440,000