O Professor Dussold started Avail Professional Services in August 2011. The company has grown to a successful accounting firm and, in 2021, the company had $4,000,000 in sales, all on credit, and had $1,600,000 in cash collections. On December 31, 2021, Avail used the percentage of sales method to estimate its Allowance for Doubtful Accounts at 3% of credit sales. During 2022, Avail wrote off $40,000 of uncollectible receivables, made $5,000,000 in credit sales, and had cash collections of $4,200,000. On December 31, 2022, Avail estimated that 2.5% of the 2022 credit sales would go uncollected. Determine the net realizable value of Avail's Accounts Receivable on January 1, 2022 and the balance of the Allowance for Doubtful Accounts on January 1, 2023. (15 points)