Principles of Accounting I Final Practice 1. Using the following information: (3pt) Accounts receivable Allowance for doubtful accounts Cash realizable value 12/31/20 $2,100,000 (180,000) $1.920.000 During 2021, sales on account were $580,000 and collections on account were $344,000. Also during 2020, the company wrote off $32,000 in uncollectible accounts. An analysis of outstanding receivable accounts at year end indicated that uncollectible accounts should be estimated at $236,000. The change in the cash realizable value from the balance at 12/31/20 to 12/31/21 was a a. 268,000 increase. b. 236,000 increase. c. 148,000 increase. d. 204,000 increase