Hancock Medical Supply Co., which had no beginning balance in its Accounts Receivable and Allowance for Doubtful Accounts, earned $81,000 of revenue on account during 2016. During 2016, Hancock collected $64,800 of cash from its receivables accounts. The company estimates that it will be unable to collect 1% of revenue on account. The amount of net realizable value of receivables on the December 31, 2016 balance sheet would be: Multiple Choice $15,552 $15,390. $16,200 $16,038