At the beginning of the year, a company had accounts receivable of $700,000 and an allowance for doubtful accounts with a credit balance of $40,000. During the current year, sales on account were $195,000 and collections on account were $170,000. Also during the current year, the company wrote off $21,000 in uncollectible accounts. At year-end, an analysis of outstanding accounts receivable indicated that the allowance for doubtful accounts should have a $32,000 credit balance so the company records the appropriate year-end adjusting entry. How much did the cash realizable value change during the current year? $8,000 decrease $33,000 increase $2,000 increase $11,000 decrease $12,000 increase