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During Year 1, Kylie Department Store had total sales of $3,000,000, of which 60% were on credit. During the year, $1,000,000 cash was collected on credit sales. The beginning balance in Accounts Receivable (on January 1 of Year 1) was $165,000. The beginning balance in the Allowance for Bad Debt (on January 1 of Year 1) was $20,000. The amount of accounts written off as uncollectible during the year was $27,000. Management has performed an aging analysis on its Accounts Receivable. The end result of this aging analysis is that the balance in the Allowance for Bad Debt as of the end of Year 1 should be $50,000.- What is Kylie's NET Accounts Receivable balance as of the end of the year, after recording the Allowance for Bad Debt? $908,000 $888,000 $800,000 $965,000 $881,000