Year $1$:

Issued $$10,000$ of common stock for cash.

Provided $$78,000$ of services on account.

Provided $$36,000$ of services and received cash.

Collected $$69,000$ cash from accounts receivable.

Paid $$38,000$ of salaries expense for the year.

Adjusted the accounting records to reflect uncollectible accounts expense for the year. Leach estimates that $5$ percent of the ending accounts receivable balance will be uncollectible.

Closed the revenue account.

Closed the expense accounts.

Year $2$:

Wrote off an uncollectible account for $$650.$

Provided $$88,000$ of services on account.

Provided $$32,000$ of services and collected cash.

Collected $$81,000$ cash from accounts receivable.

Paid $$65,000$ of salaries expense for the year.

Adjusted the accounts to reflect uncollectible accounts expense for the year. Leach estimates that $5$ percent of the ending accounts receivable balance will be uncollectible.

Closed the revenue account.

Closed the expense accounts.

c$.$ What is the net realizable value of the accounts receivable at December $31,$ Year $1?$

Net realizable value