Harrison Company records bad debt expense using the net credit sales method and has estimated that 4% of its credit sales will prove to be uncollectible. During 2004, Harrison Company reported net credit sales of $150,000 and collected $120,000 cash from its credit customers. Additionally, Harrison Company wrote-off as uncollectible accounts receivable of $7,000 during 2004. Accounts receivable at January 1, 2004 were $70,000 and the allowance for doubtful accounts had a $9,000 credit balance at January 1, 2004.

Calculate the net realizable value of Harrison Company's accounts receivable at December 31, 2004. Do not use decimals in your answer.