Coco Corp. has the following selected account balances as of 12/31/Year5:
Cash $13,500
Accounts receivable $128,000
Allowance for uncollectible accounts $12,000 (NORMAL, credit balance- a negative asset)
Inventory $38,000
The first transaction of Year6 is the write-off of a customers account of $10,000.
What is the net realizable value of accounts receivable after just that first transaction?
A. $106,000
B. $(2,000)
C. $128,000
D. $116,000
E. $118,000