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The following information is related to December 31, 2016 balances. Accounts receivable $1420000 Allowance for doubtful accounts (credit) (115000) Cash realizable value 1230000 During 2017

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

Accounts receivable $1420000

Allowance for doubtful accounts (credit) (115000)

Cash realizable value 1230000 During 2017 sales on account were $355000 and collections on account were $234000. Also, during 2017 the company wrote off $20900 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

1. $146100 increase. 2. $169000 increase. 3. $167000 increase. 4. $192100 increase.

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