! Required information [The following information applies to the questions displayed below.] The Miller Company earned $101,000 of revenue on account during Year 1. There was no beginning balance in the accounts receivable and allowance accounts. During Year 1, Miller collected $71,000 of cash from its receivables accounts. The company estimates that it will be unable to collect 3% of its sales on account. What is the net realizable value of Miller's receivables at the end of Year 1? Multiple Choice $26,970 $27,870 $33,030 $30,000