Michael Company uses the percent - of - sales method for estimating bad debts expense. The company's bad debt expense is normally 2% of net credit sales which were $440,000 for the year. During the year $2,500 was written off. The Allowance for Bad Debts account had a beginning debit balance of $1,300. What is the net realizable value of receivables if Accounts Receivable has a balance of $210,000