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How much is the net realizable value of the receivable

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Question - The following are the data available for Sunday Corp at Dec 31:

Accounts Receivable, Jan 1 25,000

Accounts Receivable Dec 31 15,000

Allowance for bad debts, Jan 1 2,000

Allowance for bad debts, Dec 31 4,000

Cash collections of accounts 117,600 (net of 2% discount)

Sales returns 4,000

Written off account 2,000

Recovery of previously written off account 1,000

Required - How much is the net realizable value of the receivable?

Reference no: EM133183415

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