The following information is available for the Badger Company for 2020:

Beginning balance of Accounts Receivable: $100,000

Beginning balance of Allowance for Doubtful Accounts of $20,000

During 2020, Badger Company:

Collected $500,000 of customer payments

Sold $600,000 on account

Estimated bad debt expense at 1% of credit sales

No accounts receivable were written off.

What is the net realizable value of Badger's receivables at the end of 2020?

	$206,000
	$226,000
	$200,000
	$174,000