Entity E uses the percentage-of-receivables basis for recording bad debts expense. The accounts receivable balance is $250,000. Management estimates that 2% of accounts receivable will be uncollectible. Before the proper adjusting entry, the Allowance for Doubtful Accounts has a credit balance of $1,000. What is the net (cash) realizable value of the accounts receivable immediately after adjustment? $245,000 $246,000 $251,000 $249,000