Leach Inc. experienced the following events for the first two years of its operations: Yeart: 1. Issued $10,000 of common stock for cash. 2. Provided $70,000 of services on account. 3. Provided $35,000 of services and received cash.. 4. Collected $35,000 cash from accounts recelvable. 5. Paid $14,000 of salaries expense for the year. 6. Adjusted the accounting records to reflect uncollectible accounts expense for the year. Leach estimates that 6 percent of the ending accounts receivable balance will be uncollecuble. Year 2- 1. Wrote off an uncollectible account for $2.510. 2. Provided $90,000 of services on account 3. Provided $30,000 of services and collected cash. 4. Collected $72.000 cash from accounts receivable. 5. Pald $28.000 of salaries expense for the year. 6. Adjusted the accounts to reflect uncollectible accounts expense for the year. Leach estimates that 6 percent of the ending accounts recelvable balance will be uncollectible. c. What is the net realizable value of the accounts receivable at December 31. Year 1? realizable value