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The following balances were drawn from the accounts of Stripling Company as of December 31, Year...

The following balances were drawn from the accounts of Stripling Company as of December 31, Year 1. Accounts Receivable $ 60,000 Allowance for Doubtful Accounts $ 9,000 During Year 2 Stripling earned $700,000 of revenue on account and collected $710,000 cash from accounts receivable. Also, the company wrote off $8,000 of accounts receivable that were classified as uncollectible during Year 2. If Stripling estimates uncollectible accounts expense to be 1% of revenue, the net realizable value of receivables as of December 31, Year 2 will be.

50,000

32,000

34,000

42,000

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