1. Provided $91,000 of services on account.
2. Collected $72,000 cash from accounts receivable.
3. Paid $36,000 of salaries expense for the year.
4. Adjusted the accounts using the following information from an accounts receivable aging schedule:

Number of Days Past Due	Amount			Percent Likely to Be Uncollectible	Allowance Balance
Current	$	7,800		0.01
0-30		4,500		0.05
31-60		2,000		0.10
61-90		2,200		0.20
Over 90 days		2,500		0.50

VULCAN SERVICE CO.
Accounting Equation for the Year 1
Event	Assets					=	Equity			Accounting Titles for Retained Earnings
	Cash	+	Accounts Receivable		Allowance		Common stock	+	Retained Earnings
1.		+				=		+
2.		+				=		+
3.		+				=		+
4.		+				=		+
Bal.		+				=		+

VULCAN SERVICE CO.
Income Statement
For the Year Ended December 31, Year 1
Operating expenses
Total operating expenses

c. What is the net realizable value of the accounts receivable at December 31, Year 1?