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Miyagi Data, Inc., sells earnings forecasts for Japanese securities. Its credit terms are 3/20, net 40. Based on experience, 70 percent of all customers will take the discount. (Enter your answer as directed, but do not round intermediate calculations.) Required: What is the average collection period? Average collection period If the company sells 1, 220 forecasts every month at a price of $2,320 each, what is its average balance sheet amount in accounts receivable? (Enter your answer in dollars, not millions of dollars (e.g., 1, 234,567). Round your answer to 2 decimal places (e.g., 32.16).) Average accounts receivable