Chamberlain Enterprises Incorporated reported the following receivables in its December $31,2024,$ year$-$end balance sheet:

Current assets:

Accounts receivable, net of $ $$28,000$ in allowance for

uncollectible accounts

Interest receivable

Notes receivable

$ $238,000$

$10,700$

$300,000$

Additional Information:

The notes receivable account consists of two notes, a $$65,000$ note and a $$235,000$ note. The $$65,000$ note is dated

October $31,2024,$ with principal and interest payable on October $31,2025.$ The $$235,000$ note is dated June $30,2024,$ with

principal and $8\%$ interest payable on June $30,2025.$

During $2025,$ sales revenue totaled $$1,380,000,$$$1,300,000$ cash was collected from customers, and $$26,000$ in accounts

recelvable 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 recelvable.

On March $31,2025,$ the $$235,000$ note receivable was discounted at the Bank of Commerce. The bank's discount rate is

$10\%.$ Chamberlain accounts for the discounting as a sale.

Required:

In addition to sales revenue, what revenue and expense amounts related to receivables will appear in Chamberlain's $2025$

income statement?

& $3.$ What amounts will appear in the $2025$ year$-$end balance sheet for accounts receivable? Calculate the receivables turnover

ratio for $2025.$

In addition to sales revenue, what revenue and expense amounts related to receivables will appear in Chamberlain's $2025$

income statement?

What amounts will appear in the $2025$ year$-$end balance sheet for accounts receivable? Calculate the receivables turnover

ratio for $2025.$

Note: Round your "Recelvable turnover ratio" answer to $1$ decimal place.