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Required information

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Sage Incorporated experienced the following transactions for Year $1,$ its first year of operations:

Issued common stock for $$80,000$ cash.

Purchased $$210,000$ of merchandise on account.

Sold merchandise that cost $$162,000$ for $$322,000$ on account.

Collected $$290,000$ cash from accounts receivable.

Paid $$190,000$ on accounts payable.

Paid $$62,000$ of salaries expense for the year.

Paid other operating expenses of $$78,000.$

Sage adjusted the accounts using the following information from an accounts receivable aging schedule:

$\backslash$table$[[\backslash$table$[[$Number of Days Past$],[$Due$]],\backslash$table$[[$Amount$]],\backslash$table$[[$Percent Likely to$],[$Uncollectible$]],\backslash$table$[[$Allowance$],[$Balance$]]],[$Current$,$$$19,200,0\mathrm{.}01,],[0-30,8,000,0\mathrm{.}05,],[31-60,1,600,0\mathrm{.}10,],[61-90,1,600,0\mathrm{.}20,],[$Over $90$ days,$1,600,0\mathrm{.}50,]]$

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

Net realizable value