Pepper's net sales (all on account)were $8,000,000 in 2020. At December 31, 2020, before adjusting entries, the balances in selected accounts were: accounts receivable $1,000,000 debit, and allowance for doubtful accounts $2,000 debit. Pepper estimates that 3% of its accounts receivable will prove to be uncollectible. What is the net realizable value of receivables reported at December 31, 2020? $972,000 $968,000 $32,000 $970,000