At the beginning of the year Javier Company had an accounts receivable balance of $50,000 and an

allowance for bad debt balance of $3,000. During the year the company had $400,000 of sales, with

90% of those sales being on account.

At the end of the year after collecting some cash for A/R, the company has a balance of $150,000 in

its accounts receivable account and it has the following bad debt schedule:

$120,000 not due yet - 5% bad debt estimate

$30,000 over due by 1 - 30 days - 31% bad debt estimate

What is the ending net realizable value of the accounts receivable?