Problem $7-12($Algo$)$ Accounts and notes receivable; discounting a note receivable; receivables turnover ratio financial statement effects $[$LO$7-5,7-6,7-7,7-8,7-9]$

Chamberlain Enterprises Incorporated reported the following receivables in its December $31,2024,$ year$-$end balance sheet:

Current assets:

Accounts receivable, net of $$25,000$ in allowance for uncollectible

accounts

$\backslash$table$[[$Interest receivable,$$223,000$