5. Luxury Company had accounts receivable of $180,000 on January 1, 2022. The only transaction that affected accounts receivable during 2022 were net credit sales of $1,500,000 cash collections of $980,000 and accounts written off of $50,000. Required: ,,, 1. Compute the 2022 ending balance of accounts receivable. 2. Compute the accounts receivable turnover ration for 2022. 1 @ 3. Compute the average collection period in days for 2022. Assume that there are 365 days in a year. (9)