he Miller Company earned $$127,000$ of revenue on account during Year $1.$ There was no beginning balance in the accounts receivable and allowance accounts. During Year $1,$ Miller collected $$84,000$ of cash from its receivables accounts. The company estimates that it will be unable to collect $3\%$ of its sales on account.

What is the net realizable value of Miller's receivables at the end of Year $1?$

Multiple Choice

$$39,190$

$$43,000$

$$40,480$

$$46,810$