Accounts receivables total $300,000 broken down as follows:

0-30 days old = $210,000

31-90 days old = $70,000

over 90 days old = $20,000

The probability of an account going bad based on past history is 0-30 = 1%; 31-90 = 3%; over 90 = 60%.

What is the net realizable value of Accounts Receivable?

Box 1: Select the best answer