Chamberlain Enterprises Inc. reported the following receivables in its December 31, 2021, year-end balance sheet:

Current assets:
Accounts receivable, net of $25,000 in allowance for uncollectible accounts	$	223,000
Interest receivable		6,250
Notes receivable		270,000

Additional Information:

1. The notes receivable account consists of two notes, a $50,000 note and a $220,000 note. The $50,000 note is dated October 31, 2021, with principal and interest payable on October 31, 2022. The $220,000 note is dated June 30, 2021, with principal and 5% interest payable on June 30, 2022.
2. During 2022, sales revenue totaled $1,350,000, $1,285,000 cash was collected from customers, and $23,000 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 10% of year-end accounts receivable.
3. On March 31, 2022, the $220,000 note receivable was discounted at the Bank of Commerce. The bank's discount rate is 8%. Chamberlain accounts for the discounting as a sale.

Required: 1. In addition to sales revenue, what revenue and expense amounts related to receivables will appear in Chamberlains 2022 income statement? 2. & 3. What amounts will appear in the 2022 year-end balance sheet for accounts receivable and Calculate the receivables turnover ratio for 2022. What amounts will appear in the 2022 year-end balance sheet for accounts receivable and Calculate the receivables turnover ratio for 2022. (Round your "Receivable turnover ratio" answer to 1 decimal place.)