Sales	760,000
Expenses	577,600
Bad debt expense	38,000
Pretax income	144,400
Tax expense (30%)	43,320
Net income	101,080

Accounts receivable	91,200
Allowance for doubtful accounts (credit balance)	(1,800)
Net realizable value	89,400

You are the auditor for Home Lighting Company. The company uses the balance sheet approach for determining bad debt expense. You believe the net realizable value amount above is not appropriate.

You gathered more detailed uncollectibility percentages based on the length of time accounts receivable has been outstanding (see below).

	Accounts Receivable	Percent Uncollectible
Under 31 days	47,000	2%
31-60 days	28,300	10%
61-90 days	9,100	30%
Over 90 days	6,800	40%
	91,200

Using this new information and the balance sheet approach, what the appropriate net realizable value of accounts receivable?