Towing Company uses the net credit sales method to estimate bad debt expense and has estimated that 3% of its credit sales will be uncollectible. During 2021, Towing reported net credit sales of $520,000 and collected a total of $550,000 cash from its credit customers. Also during 2021, Towing wrote off $27,000 of accounts receivable as being uncollectible and recorded recoveries of previously written off accounts receivable totaling $14,000 (note that the $14,000 recovery is not included in the $550,000 of cash collections given previously). At January 1, 2021, Towing Company reported accounts receivable of $133,000 and an allowance for doubtful accounts with a $19,000 credit balance.

Calculate the net realizable value of Towing Company's accounts receivable at December 31, 2021.