Sage Inc. experienced the following transactions for 2018, its first year of operations: Issued common stock for $80,000 cash. Purchased $180,000 of merchandise on account. Sold merchandise that cost $148,000 for $294,000 on account. Collected $260,000 cash from accounts receivable. Paid $160,000 on accounts payable. Paid $56,000 of salaries expense for the year. Paid other operating expenses of $72,000. Sage 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 $ 20,400 0.01 030 8,500 0.05 3160 1,700 0.10 6190 1,700 0.20 Over 90 days 1,700 0.50 What is the net realizable value of the accounts receivable at December 31, 2018?