At January 1, 2023, John's Company reported accounts receivable of $197,000 and had an allowance for doubtful accounts with a $42,800 credit balance. John's Company records bad debt expense using the net credit sales method and estimates that 3% of its credit sales each year will prove to be uncollectible. During 2023, John's Company reported the following information: Bad debt expense $11,580 Write-offs ? Recoveries $7,420 Credit sales ? Cash collections from customers $409,000 At December 31, 2023, John's Company's accounts receivable totaled $160,390. Calculate the net realizable value of John's Company's accounts receivable at December 31, 2023.