Bay Company began using the allowance method in 2014. On January 1, 2014, Bay had a $4,000 balance in the Accounts Receivable account and a zero balance in the Allowance for Doubtful Accounts account. During 2014, Bay provided $35,000 of service on account. The company collected $26,000 cash from account receivable. Uncollectible accounts are estimated to be 2% of sales on account.

The net realizable value of Bay's accounts receivable as of December 31, 2014 was