William's trial balance at 30 September 20X5 includes the following balances：

Trade receivables                         $75,943

Receivables allowance                  $4,751

How should these balances be reported in William's statement of financial position as at 30 September 20X5?

A

An asset of $71,192

B

An asset of $75,943 and a liability of $4,751

C

A liability of $71,192

D

A liability of $75,943 and an asset of $4,751