At the close of its first year of operations on December 31, 20X1, Clemens Company had accounts receivable of $300,000, which were net of the related allowance for credit losses. During 20X1, the company had charges to the credit loss expense of $25,000 and wrote off accounts receivable of $15,000 that it deemed to be uncollectible.

Required:

What should Clemens Company report on its balance sheet at December 31, 20X1, as accounts receivable before the allowance for credit losses?