On January 1 , 2009 the accounts receivable and the allowance for doubtful accounts carried balances of $20 ,000 (debit) and $500 (credit), respectively. During the year, the company reported revenues of $100,000; 30% of which were cash sales. There were $550 of receivables written-off as uncollectible in 2009. Cash collections of receivables amounted to $74,550. If the company estimates bad debts expense to be 1 % of credit sales, determine the net realizable value of receivables appearing on the 2009 balance sheet: a. b. c. d. $14,150 $14,250 $14,700 $14,900