On January 1, 2024, Seattle Company's account balances for Accounts Receivable and the related Allowance for Uncollectible Accounts were $3,690,000 and $132,000, respectively. During the year, sales revenue totaled $40.1 million, all of which were credit sales. Cash collections during the year totaled $38,440,000 and write-offs during the year were $310,000. At the end of the year, an analysis of aged accounts receivable indicated that 3.0% of total gross receivables may be uncollectible. Determine the net realizable value of receivables at the end of the year