CALCULATOR TRACK Question 1 The following information is related to December 31, 2016 balances Accounts receivable $3500000 Allowance for doubtful accounts (credit) (257000) Cash realizable value $2800000 During 2017 sales on account were 5880000 and collections on account were $504000. Also during 2017 the company wrote off $46000 in uncollectible accounts. An analysis of outstanding receivable accounts at year end indicated that bad debts should be estimated at $320000. The change in the cash realizable value from the balance at 12/31/16 to 12/31/17 was a $762000 Increase 5810000 increase $756000 increase 3710000 increase Click If you would like to Show Work for this question Open Show Work by Study Question Attempts: 0 of 1 used SUBMIT