Alexander Company Sales Revenue and Accounts Receivable Alexander Company produces books that it sells to Patel Retailers. The following grid reflects the amounts collected from Patel for each of the first three years of Alexander Company's operations. Using these amounts and the amounts owed by Patel to Alexander to calculate accrual-based sales revenue for each year. In addition, show two journal entries for each year: (1) accrue sales revenue, (2) collect on accounts receivable. Year 1 Cash collections $150,000 Amount owed at end of year $25,000 Year 2 $220,000 $30,000 Year 3 $190,000 $50,000