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Leach Incorporated experlenced the following events for the first two years of Its operations:

Year $1$:

Issued $$10,000$ of common stock for cash.

Provided $$70,000$ of services on account.

Provided $$33,000$ of services and recelved cash.

Collected $$37,000$ cash from accounts recelvable.

Pald $$22,000$ of salarles expense for the year.

Adjusted the accounting records to reflect uncollectible accounts expense for the year. Leach estimates that $5$ percent

of the ending accounts recelvable balance will be uncollectible.

Year $2$:

Wrote off an uncollectible account for $$2,560.$

Provided $$90,000$ of services on account.

Provided $$20,000$ of services and collected cash.

Collected $$72,000$ cash from accounts recelvable.

Pald $$22,000$ of salarles expense for the year.

Adjusted the accounts to reflect uncollectible accounts expense for the year. Leach estimates that $5$ percent of the

ending accounts recelvable balance will be uncollectible.

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

Net realizable value