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age Inc. experienced the following transactions for 2000, its first year of operations:
Issued common stock for $50,000 cash.
Purchased $140,000 of merchandise on account.
Sold merchandise that cost $110,000 for $250,000 on account.
Collected $236,000 cash from accounts receivable.
Paid $118,000 on accounts payable.
Paid $50,000 of salaries expense for the year.
Paid other operating expenses of $28,000.
Sage adjusted the accounts using the following information from an accounts receivable aging schedule:
| Number of Days Past Due | Amount | Percent Likely to Be Uncollectible | | Allowance Balance |
| Current | $ | 10,000 | | 0.01 | | |
| 030 | | 2,000 | | 0.05 | | |
| 3160 | | 1,200 | | 0.10 | | |
| 6190 | | 500 | | 0.20 | | |
| Over 90 days | | 300 | | 0.50 | | |
What is the net realizable value of the accounts receivable at December 31, 2000?
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