Lerner Company uses the net credit sales method to estimate bad debt expense and has estimated that 4% of its credit sales will be uncollectible. During 2018, Lerner reported net credit sales of $475,000 and collected a total of $540,000 cash from its credit customers. Also during 2018, Lerner wrote off $20,000 of accounts receivable as being uncollectible and recorded recoveries of previously written off accounts receivable totaling $10,000 (note that the $10,000 recovery is not included in the $540,000 of cash collections given previously). At January 1, 2018, Lerner Company reported accounts receivable of $142,000 and an allowance for doubtful accounts with a $15,000 credit balance. Calculate the net realizable value of Lerner Company's accounts receivable at December 31, 2018.