Answered>Order 565

The following information is related to December 31, 2016 balances.

•

Accounts receivable

$1570000

•

Allowance for doubtful accounts (credit)

(102000)

•

Cash realizable value

1230000

During 2017 sales on account were $394000 and collections on account were $208000. Also, during 2017 the company wrote off $24700 in uncollectible accounts. An analysis of outstanding receivable accounts at year end indicated that bad debts should be estimated at $144000. The change in the cash realizable value from the balance at 12/31/16 to 12/31/17 was