Kentucky Supply Co., which had no beginning balance in its Accounts Receivable and Allowance for Doubtful Accounts, earned $144,000 of revenue on account during 2014. During 2014, the company collected $115,200 of cash from its receivables accounts. Kentucky 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, 2014 balance sheet would be:

Multiple Choice

$27,360.

$28,944.

$30,240.

$28,800.