SB Inc. had net sales in 2019 of $700,000. At Dec. 31, 2019, the following information was listed which was about the balances in selected accounts before adjusting entries:

Accounts receivable debit balance: $160, 000

Allowance for doubtful accounts credit balance: $1,200

Estimated uncollectable receivable: 2% of net accounting receivable

At Dec. 31, 2019, on the statement of financial position, what is the cash realizable value of the receivables?