6 8.33 points Macrosoft develops, produces, and markets a wide range of computer software, Including the Windows operating system. On its recent financial statements, Macrosoft reported the following Information about net sales revenue and accounts receivable (amounts In millions). Skipped Accounts receivable, net of allowances of $413 and $379 Net sales revenue Current Year $ 29,124 65,969 Prior Year $ 26,081 64,297 eBook References According to its Form 10-K, Macrosoft recorded bad debt expense of $118 and there were no bad debt recoveries during the current year. Required: 1. Using the following T-account for Allowance for Doubtful Accounts, what amount of bad debts was written off during the current year? 2. Using the following T-account for Accounts Receivable (Gross), solve for cash collected from customers for the current year, assuming that all of Macrosoft's sales during the period were on open account. i Complete this question by entering your answers in the tabs below. Required 1 Required 2 Using the following T-account for Allowance for Doubtful Accounts, what amount of bad debts was written off during the current year? (Enter your answers in millions not in dollars.) Allowance for Doubtful Accounts Debit Credit Beginning Balance 0 Ending Balance < Required 1 Required 2 >