5. At the close of its first year of operations, December 31, 2019, Ming Company had accounts receivable of 540,000$, after deducting the related allowance for doubtful accounts. During 2019, the company had charges to bad debt expense of 90,000$ and wrote off, as uncollectible, accounts receivable of 40,000$. What should the company report on its statement of financial position at December 31, 2019, as accounts receivable before the allowance for doubtful accounts? (2 points) O 670,000 590,000$ 490,000 440,000