At the Beginning of 2019, Statewide Delivery, Inc Bad Debts Expense $0
During the Year, Credit Sales Amounted

At the beginning of 2019, Statewide Delivery, Inc. has the following account balances: $\begin{array}{ll}\text { Accounts Receivable } \$ 42,000 & \text { (debit balance) } \\\text { Allowance for Bad Debts } \$ 9,000 & \text { (credit balance) }\end{array}$ Bad Debts Expense $0
During the year, credit sales amounted to $800,000. Cash collected on credit sales amounted to $790,000, and $18,000 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) $42,000
B) $34,000
C) $57,120
D) $18,000