On January 1, Year 2, Kincaid Company's Accounts Receivable and the Allowance for Doubtful Accounts carried balances of $70,400 and $2,800, respectively. During Year 2, Kincaid reported $187,000 of credit sales, wrote off $1,700 of receivables as uncollectible, and collected cash from receivables amounting to $222,300. Kincaid estimates that it will be unable to collect one percent (1%) of credit sales.

What is the net realizable value of receivables that will be reported on Kincaid's Year 2 balance sheet?