Schreiber Industries estimates bad debts at 2% of sales. Schreiber began the year with $270,000 of account receivable and $38,600 of allowance of bad debts. During the year, Schreiber had sales of $920,000, wrote off bad debts of $26,000, and received cash on account of $905,000. What amount of accounts receivable, net allowance for bad debts, should appear on the year-end balance sheet?