Multiple Choice Question 134 The following information is related to December 31, 2016 balances . Accounts receivable . Allowance for doubtful accounts (credit) . Cash realizable value $3490000 (254000) $2810000 During 2017 sales on account were $885000 and collections on account were $500000. Also during 2017 the company wrote off $49000 in uncollectible accounts. An analysis of outstanding receival ccounts at year end indicated that bad debts should be estimated at $323000. The change in the cash realizable value from the balance at 12/31/16 to 12/31/17 was a $693000 increase. $74200o in O of 1 used SAVE FOR LATER