Noreen Company provided the following information for 2020: Accounts receivable – January 1 2,000,000 Credit sales 10,000,000 Collection from customers, excluding the recovery of accounts written off...

Noreen Company provided the following information for 2020:
Accounts receivable – January 1 2,000,000
Credit sales 10,000,000
Collection from customers, excluding the recovery of accounts written off 8,000,000
Accounts written off 100,000
Sales returns 500,000
Recovery of accounts written off 50,000
Estimated future sales returns on December 31 150,000
Estimated uncollectible accounts on December 31 per aging 300,000
What is the “amortized cost” of accounts receivable on December 31, 2020?
A. 3,400,000 B. 3,100,000 C. 2,950,000 D. 2,900,000