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Microsoft develops, produces, and markets a wide range of computer software, including the Windows operating system. On its recent financial statements, Microsoft reported the following information about net sales revenue and accounts receivable (amounts in millions). Current Year Prior Year Accounts receivable, net of allowances of $138 and $118 $ 12,989 $ 12,338 Net revenues 60,420 52,122 According to its Form 10-K, Microsoft recorded bad debt expense of $98 and did not reinstate any previously written-off accounts during the current year. Required: 1. What amount of bad debts was written off during the current year? (Enter your answers in millions of dollars. Omit the $ sign in your response.) Bad debts Written off $ 2. Based on your answer to requirement (1), solve the cash collected from customers for the current year, assuming that all of Microsoft's sales during the period were on open account (Enter your answers in millions of dollars. Omit the $ sign in your response.) Cash collections $ Microsoft develops, produces, and markets a wide range of computer software, including the Windows operating system. On its recent financial statements, Microsoft reported the following information about net sales revenue and accounts receivable (amounts in millions). Current Year Prior Year Accounts receivable, net of allowances of $138 and $118 $ 12,989 $ 12,338 Net revenues 60,420 52,122 According to its Form 10-K, Microsoft recorded bad debt expense of $98 and did not reinstate any previously written-off accounts during the current year. Required: 1. What amount of bad debts was written off during the current year? (Enter your answers in millions of dollars. Omit the $ sign in your response.) Bad debts Written off $ 2. Based on your answer to requirement (1), solve the cash collected from customers for the current year, assuming that all of Microsoft's sales during the period were on open account (Enter your answers in millions of dollars. Omit the $ sign in your response.) Cash collections $