The balance of the accounts receivable was extracted from Relay Company's unadjusted trial balance at December 31, 2021 of P1,000,000. A test of collectibility of the receivable showed that P580,000 is 100% collectible; of the P158,000, only P141,000 is realizable, and the balance has been outstanding for 2 years and Relay Company estimates that none of which will be realized. What amount should the net realizable value of accounts receivable be reported in the December 31, 2021 statement of financial position? O P738,000 O P721,000 P291,000 O P458,000