During the first year of operation, 2018, Direct Service Co. recognized $290,000 of service revenue on account. At the end of 2018, the accounts receivable balance was $46,000. For this first year in business, the owner believes uncollectible accounts expense will be about 1 percent of sales on account. Required What amount of cash did Direct Service collect from accounts receivable during 2018? Assuming Direct Service uses the allowance method to account for uncollectible accounts, what amount should Direct Service record as uncollectible accounts expense for 2018? What is the net realizable value of receivables at the end of 2018?