2. Renfro Company had accounts receivable of $100,000 on January 1, 2023. The only transactions that affected accounts receivable during 2023 were net credit sales of $1,200,000, cash collections of $1,000,000, and accounts written off of $30,000. Instructions: SHOW YOUR WORK (a) Compute the ending balance of accounts receivable. (b) Compute the accounts receivable turnover for 2023. (c) Compute the average collection period in days. Ending Balance of accounts receivable = Accounts receivables turnover = Average collection period =