At the end of 2010 Sorter Company has accounts receivable of $900,000
and an allowance for doubtful accounts of $40,000. On January 16, 2011,
Sorter Company determined that its receivable from Ordonez Company of
$8,000 will not be collected, and management authorized its write-off.
What is the net realizable value of Sorter Company’s accounts receivable
after the write-off of the Ordonez receivable?