The following information is related to December 31, 2021 balances. - Accounts receivable $1,400,000 - Allowance for doubtful accounts (credit) (120,000) - Cash realizable value 1,280,000 During 2022, sales on account were $390,000 and collections on account were $230,000. The company wrote off $22,000 in uncollectible accounts. An analysis of outstanding receivable accounts at year-end indicated that bad debts should be estimated at $144,000. What was the change in the cash realizable value from the balance at 31/12/2021 to 31/12/2022? Show your calculation