A) B)

Cordova, Inc., reported the following recevables In Its December 31, 2020, year-end balance sheet: Current assets: Accounts receivable, net of $59,8ee in allowance for uncollectible accounts Interest receivable Notes receivable $391,00 28,850 480, eee Additional Information: 1. The notes receivable account consists of two notes, a $110,000 note and a $370,000 note. The $110,000 note is dated October 31, 2020, with principal and interest payable on October 31, 2021. The $370,000 note is dated March 31, 2020, with principal and 10% Interest payable on March 31, 2021. 2. During 2021, sales revenue totaled $2,190,000, $2,050,000 cash was collected from customers, and $48,000 in accounts receivable were written off. All sales are made on a credit basis. Bad debt expense is recorded at year-end by adjusting the allowance account to an amount equal to 9% of year-end gross accounts receivable. Required: 1. In addition to sales revenue, what revenue and expense amounts related to receivables will appear in Cordova's 2021 Income statement? 2. Calculate the receivables turnover ratio for 2021. (Round your answer to 2 decimal places.) 1. Interest revenue Bad debt expense 2. Accounts receivable turnover ratio The note about debt Included in the financial statements of Healdsburg Company for the year ended December 31, 2020 disclosed the following: 7.65% notes due 2021 8.15% notes due 2028 8.40% notes due 2035 8.23% notes due 2040 6.95% notes due 2022 $208, 4ee, eee $352,200,00 $233,800, eee $288,800,000 $ 25, 800, eee The above table summarizes the long-term debt of the Company at December 31, 2020. A of the notes were originally issued at their face maturity) value and have been gradually repaid over time so that these amounts are the remaining balances at this date. Assuming that the notes pay Interest annually and mature on December 31 of the respective years. (FV of $1, PV of $1, FVA of S1, PVA of $1, FVAD of $1 and PVAD of $1) (Us appropriate factor(s) from the tables provided.) Required: Compute the total cash Interest payments in 2021 for these notes. Total cash interest