Al CPA ADAPTED Selected data of Islander Company follow: As of December 31, Balance Sheet Data 201'll 2016 Accounts receivable $500,000 $420,000 Allowance for doubtful accounts 25,000] {20,000} Net accounts receivable $425,000 $450,000 Inventorieslower of cost or market $600,000 $550,000 YbarEnded December 31, Income Statement Data 201}ll 2016 Net credit sales $2,500,000 $2,200,000 Net cash sales 500 000 400 000 Net sales 3 000 000 2 500 000 Cost of goods sold $2,000,000 $1,000,000 Selling, general, and administrative expenses 300,000 220,000 Other 50 000 30,000 Total operating expenses $2,350,000 $2,100,000 Requlred: 1. What is the accounts receivable turnover for 2017? 2. What is the inventory turnover for 20 1 T