Saved Help Save & Exit Submit Hancock Medical Supply Company, which had no beginning balance in its Accounts Receivable and Allowance for Doubtful Accounts, recognized $89,000 of service revenue on account during Year 1. During Year 1, Hancock collected $70,400 of cash from accounts receivable. The company estimates that it will be unable to collect 1% of revenue on account. The amount of net realizable value of receivables on the December 31, Year 1 balance sheet would be Multiple Choice $17.896 $17.710 $18.600 Multiple Choice $17,896 $17.710. $18.600 $18.414