Accounts receivable, net of allowances of $183 and $147 Net sales revenue LULU PERU Year Year $ 13,889 $ 11,638 61,170 51,872 According to its Form 10-K, Hassell recorded bad debt expense of $94 and there were no bad debt recoveries during the current year. (Hint Refer to the summary of the effects of accounting for bad debts on the Accounts Receivable (Gross) and the Allowance for Doubtful Accounts T-accounts. Use the T-accounts to solve for the missing values.) Required: 1. What amount of bad debts was written off during the current year? 2. Based on your answer to requirement (1), solve for cash collected from customers for the current year, assuming that all of Hassell's sales during the period were on open account. Complete this question by entering your answers in the tabs below. Required 1 Required 2 What amount of bad debts was written off during the current year? (Enter your answers in thousands not in dollars.) Allowance for Doubtful Accounts Beg bat 94 Bad debt expense Write-offs 94 End, bal Required Required 2 > Accounts receivable, net of allowances of $183 and $147 Net sales revenue UUELE TELUL Year Year $ 13,889 $ 11,638 61,170 51,872 According to its Form 10-K, Hassell recorded bad debt expense of $94 and there were no bad debt recoveries during the current year. (Hint. Refer to the summary of the effects of accounting for bad debts on the Accounts Receivable (Gross) and the Allowance for Doubtful Accounts T-accounts. Use the T-accounts to solve for the missing values.) Required: 1. What amount of bad debts was written off during the current year? 2. Based on your answer to requirement (1), solve for cash collected from customers for the current year, assuming that all of Hassell's sales during the period were on open account. Complete this question by entering your answers in the tabs below. Required 1 Rdquired 2 Based on your answer to requirement (1), solve for cash collected from customers for the current year, assuming that all of Hassell's sales during the period were on open account. (Enter your answers in thousands not in dollars.) Accounts Receivable (Gross) Bog, bal Net sales 61,170 Cash collections Write-offs End, bal 61,170