Could you explain the steps?

What amounts will appear in the 2022 year-end balance sheet for accounts receivable and Calculate the receivables turnover ratio for 2022. (Round your "Receivable turnover ratio" answer to 1 decimal place.) Additional Information: 1. The notes receivable account consists of two notes, a $70,000 note and a $240,000 note. The $70,000 note is dated October 31 , 2021 , with principal and interest payable on October 31,2022 . The $240,000 note is dated June 30,2021 , with principal and 6% interest payable on June 30, 2022. 2. During 2022 , sales revenue totaled $1,390,000,$1,305,000 cash was collected from customers, and $27,000 in accounts receivable were written off. All sales are made on a credit basis. Bad debt expense is recorded at year-end by adjusting the allowance account to an amount equal to 10% of year-end accounts receivable. 3. On March 31,2022 , the $240,000 note receivable was discounted at the Bank of Commerce. The bank's discount rate is 10%. Chamberlain accounts for the discounting as a sale. Required: 1. In addition to sales revenue, what revenue 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 turnover ratio for 2022. Not including sales revenue, what revenue and expense amounts related to receivables will appear in Chamberlain's 2022 income statement