The following information is related to December 31, 2016 balances.

Accounts receivable

$1400000

Allowance for doubtful accounts (credit)

(105000)

Cash realizable value

1010000

During 2017 sales on account were $377000 and collections on account were $236000. Also, during 2017 the company wrote off $21700 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

$389000 increase.

$387000 increase.

$411300 increase.

$365300 increase.