The following information pertains to Maggie Inc.: Credit sales during 2020 $60,000 The company estimates that 5% of the credit sales will become uncollectible Cash collected on credit sales during the year totalled $47,000 Accounts receivable write-offs during 2020 were $500 Accounts Receivable net of the allowance for uncollectible accounts was $40,000 at 12/31/2019 Allowance for uncollectible accounts was $2,200 at 12/31/2019 What was the amount of the net realizable value of the accounts receivable reported on the 12/31/2020 balance sheet? Multiple Choice $49,900 $55,200 $47,800