Foal Company's had the following account balances at December 31, 2018, with regard to accounts receivable:

Accounts receivable (net) 2,000,000 Allowance for uncollectibles 250,000

Required:

Foal has elected to report its receivables using the fair value option. At December 31, 2018, the pricing in the active market for receivables is 90% of face value. Prepare the adjustment required at December 31, 2018.