The following information is related to December 31, 2016 balances. $1400000 (120000) 1280000 Accounts receivable Allowance for doubtful accounts (credit) Cash realizable value During 2017 sales on account were $390000 and collections on account were $230000. Also, during 2017 the company wrote off $22000 in uncollectible accounts. An analysis of outstanding receivable accounts at year end indicated that bad debts should be estimated at $144000. The change in the cash realizable value from the balance at 12/31/16 to 12/31/17 was $136000 increase. $160000 increase. $114000 increase. $138000 increase