Company has the following current assets on its published balance sheet at the end Year1:

$23,500 Cash $76,000 Inventory $152,000 Accounts receivable $21,000 Allowance for uncollectible accounts (normal credit balance)

In Year2, the first transaction is the write-off of a customers account of $5,000. What is the net realizable value of accounts receivable (A/R netted against the allowance) after just that first transaction in Year2?

a.

$131,000

b.

$126,000

c.

$147,000

d.

$136,000

e.

$168,000