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Certain account balances from the general ledger of the BCG at the beginning of a year are given below.

During the year, new loans made were $$700,000$; collections of loans were $$670,000.$

In compiling interim financial statements during the year, the provision for loan losses of $$3,500$ was recorded. Specific loans amounting to $$3,100$ were written off as uncollectible.

At the end of the year $($after recording the events described above$),$ the BCG prepared an aged trial balance of billed and open loans receivable. Based on an analysis of the aged trial balance, management decided that the final year$-$end balance in the allowance for uncollectible loans should be $$2,400.$ Accordingly, the BCG$\text{'}$s accountant made an adjusting entry at the end of the year to reflect management's decision $($i$.$e$.$ judgment regarding uncollectible accounts$).$

After making the final year$-$end adjustment, which of the following is a correct statement: $*$

A$)$ The final amount of the provision for loan losses charged against income for the year is$$5,900.$

B$)$ The final amount of provision for loan losses charged against income for the year is$$3,700.$

C$)$ The reported balance of gross loans receivable $($i$.$e$.,$ billed and open loans$)$ at the end ofthe year amounts to $$186,700.$

D$)$ The reported amount of net loans receivable $($i$.$e$.,$ gross loans receivable less the allowancefor uncollectible loans$)$ at the end of the year amounts to $$188,200.$

E$)$ The reported amount of net loans receivable $($i$.$e$.,$ gross loans receivable less the allowance for uncollectible loans$)$ at the end of the year amounts to $$181,000.$

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