Using the following information: 12/31/15 Accounts receivable Allowance $525,000 (40,000) Cash realizable value $485,000 During 2016, sales on account were $145,000 and collections on account were $100,000. Also during 2016, the company wrote off $5,000 in uncollectible accounts. An analysis of outstanding receivable accounts at year end indicated that uncollectible accounts should be estimated at $45,000. The change in the cash realizable value from the balance at 12/31/15 to 12/31/16 was a Select one: a. $41,000 increase. b. $35,000 increase. c. $45,000 increase. d. $30,000 increase