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

Current assets:

Accounts receivable, net of $$26,000$ in allowance for uncollectible accounts $ $228,000$

Interest receivable $7,850$

Notes receivable $280,000$

Additional Information:

The notes receivable account consists of two notes, a $$55,000$ note and a $$225,000$ note. The $$55,000$ note is dated October $31,2024,$ with principal and interest payable on October $31,2025.$ The $$225,000$ note is dated June $30,2024,$ with principal and $6\%$ interest payable on June $30,2025.$

During $2025,$ sales revenue totaled $$1,360,000,$ $$1,290,000$ cash was collected from customers, and $$24,000$ 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.

On March $31,2025,$ the $$225,000$ 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 Chamberlain$$s $2025$ income statement?

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