Ceres Corporation conducts all sales on account and had net sales of $800,000 in 2020. On December 31, 2020, before adjusting entries, the balances in selected accounts were: accounts receivable $950,000 debit, and allowance for doubtful accounts $2,500 debit. The company estimates that 4% of its net sales will prove to be uncollectible. What is the net realizable value of the receivables reported on the financial statements at December 31, 2020? Select answer from the options below $920,500 $915,500 $918,000 $950,000