Ann, Inc. uses the percentage of sales basis to estimate its bad debts. For the year ended December 31, 2020, Ann Co. total sales are 700,000. Management of the company estimates that 1% of credit sales will become uncollectible. The existing balance in the Allowances for Doubtful Accounts is a debit balance of 1,250. The Accounts Receivable balance at December 31, 2020 is 68,400. The cash realizable value of Accounts Receivable reported on the statement of financial position at December 31, 2020 is