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1. CK Inc. had net sales in 2020 of $800,000. At Dec. 31, 2020, the following information was listed which was about the balances in

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1. CK Inc. had net sales in 2020 of $800,000. At Dec. 31, 2020, the following information was listed which was about the balances in selected accounts before adjusting entries: Accounts receivable debit balance: $150, 000 Allowance for doubtful accounts debit balance: $1,500 Estimated uncollectable receivable: 2% of net sales At Dec. 31, 2020, on the CK Inc.'s statement of financial position, what is the cash realizable value of the receivables

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