QUESTION 2 Use the following information to answer the next 3 questions: On December 31, 2015, a company reported the following information on its balance sheet: Accounts receivable $838,000 Less: Allowance for Doubtful Accounts 46,000 (cr.) During 2016, the company had the following transactions related to receivables: Sales on account $3,000,000 Collections of accounts receivable 2.712,000 Write-offs of accounts determined to be uncollectible 31,500 Recovery of prior write-offs 6,600 2. Determine the ending accounts receivable balance on December 31, 2016. A. $1,094,500 B.$1,101,100 C. $1,087900 D. $1,126,000 E. None of the above