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

Current assets:
Accounts receivable, net of $32,000 in allowance for uncollectible accounts	$ 258,000
Interest receivable	11,900
Notes receivable	340,000

Additional Information:

1. The notes receivable account consists of two notes, a $85,000 note and a $255,000 note. The $85,000 note is dated October 31, 2024, with principal and interest payable on October 31, 2025. The $255,000 note is dated June 30, 2024, with principal and 8% interest payable on June 30, 2025.
2. During 2025, sales revenue totaled $1,420,000, $1,320,000 cash was collected from customers, and $30,000 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, 2025, the $255,000 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:

1. In addition to sales revenue, what revenue and expense amounts related to receivables will appear in Chamberlains 2025 income statement?

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