Lithotech, Inc had net sales in 2018 of $600,000 .At December31, 2018, before adjustingentries, the balances in selected accountswere: accounts receivable $122,000 debit, and allowance for doubtful accounts $1,600 credit. Lithotech estimates that 3% of its receivables will prove to be uncollectible. What is the net realizable value of the receivables reported on the statement of financial position at December31, 2018 after adjustingentries?