3 - Chapters 7. 8. & 9 Help Chamberlain Enterprises Inc. reported the following receivables in its December 31, 2021. year-end balance sheet 1 Curents Accounts receivablet of $26.000 in allowance for uneollectible accounts Tnterest receivable Notes receivable 5228,000 7,850 20,000 2233 Additional Information: 1 The notes receivable account consists of two notes, a $55,000 note and a $225.000 note. The $55,000 note is dated October 31, 2021, with principal and Interest payable on October 31, 2022. The $225,000 note is dated June 30, 2021, with principal and 6%. interest payable on June 30, 2022 2. During 2022, sales revenue totaled $1,360,000, $1.290,000 cash was collected from customers, and $24,000 in accounts Teceivable were written off. All sales are made on a credit basis. Bad de expense is recorded at year-end by edjusting the allowance account to an amount equal to 10% of year and accounts receivable. 3. On March 31, 2022 the $225.000 note receivable was discounted at the Bank of Commerce. The bank's discount rate is Chamberlain accounts for the discounting as a sale Required: 1. In addition to sales revenue, what revenge and expense amounts related to receivables will appear in Chamberlain's 2022 income statement? 2. & 3. What amounts will appear in the 2022 year-end balance sheet for accounts receivable and Calculate the receivables tumover ratio for 2022 Complete this question by entering your answers in the tabs below. Reg! Red 2 and a Not including sales revenue, what revenue and exe amounts related to receivables Wappear in Chamberlain's 2022 02:24:43 Required: 1. In addition to sales revenue, what revenue and expense amounts relate statement? 2. & 3. What amounts will appear in the 2022 year-end balance sheet for a ratio for 2022 Complete this question by entering your answers in the tabs below. Reg 1 Req 2 and 3 What amounts will appear in the 2022 year-end balance sheet for accounts re ratio for 2022. (Round your "Receivable turnover ratio" answer to 1 decimal p 2. Accounts receivable, net Receivable tumover ratio 3 times 02:24:43 Required: 1. In addition to sales revenue, what revenue and expense amounts relate statement? 2. & 3. What amounts will appear in the 2022 year-end balance sheet for a ratio for 2022 Complete this question by entering your answers in the tabs below. Reg 1 Req 2 and 3 What amounts will appear in the 2022 year-end balance sheet for accounts re ratio for 2022. (Round your "Receivable turnover ratio" answer to 1 decimal p 2. Accounts receivable, net Receivable tumover ratio 3 times