olson corp. reported the following in the current assets section of its december 31, 2012 balance sheet: 12/31/12 12/31/11 accounts receivable,net allowances of 5,000 and 3,000 54,000 48,000 respectively during 2012,olson recorded 80,000 of sales on credit and wrote of 4,000 of uncollectible accounts required: 1. determine the amount of cash collected during 2012 from sales on credit 2. determine the amount of bad debts expense for 2012