After the December 31, 2019 Adjusting Journal Entries Have Been

After the December 31, 2019 adjusting journal entries have been posted, Sinclair Enterprises has the following account balances (all accounts have normal balances) are: $$\begin{array} { | l | r | } \hline \text { Account Title } & \text { Account Balance } \\\hline \text { Accounts Receivable } & \$ 159,000 \\\hline \text { Allowance for Bad Debts } & \$ 4,600 \\\hline \text { Bad Debts Expense } & \$ 8,200 \\\hline\end{array}$$ What is the net realizable value as of December 21, 2019?

A) $163,600
B) $150,800
C) $146,200
D) $154,400