Entity C uses the allowance method for uncollectible accounts. Its ledger at the end of the current year shows Accounts Receivable of $1,500,000 before any allowance. Bad debts are expected to be 4% of Accounts Receivable. Allowance for Doubtful Accounts has a credit balance of $23,000 in the trial balance before adjustment for uncollectible accounts. What is the net realizable value of the accounts receivable immediately after adjustment?

		1,500,000
		$1,477,000
		$1,440,000
		$1,463,000