At the end of 2009, Tatum Co. has accounts receivable of $739,773 and an allowance for doubtful accounts of $31,583. On January 24, 2010, it is learned that the company's receivable from Novinger Inc. is not collectible and therefore management authorizes a write-off of $2,994.
- What is the cash realizable value of the accounts receivable before the write-off?
- What is the cash realizable value of the accounts receivable after the write-off?