m36 Help Save & Exit Sub Hancock Medical Supply Co., camned $89,000 of revenue on account during Year 1, its first year of operation. During Year 1, Hancock collected $70,400 of cash from its receivables accounts. The company did not write-off any uncollectible accounts. It estimates that it will be unable to collect 1% of revenue on account. What is the net realizable value ofreceivables that will be reported on the balance sheet at December 31, Year 1? 0 0 0 0