Chamberlain Enterprises Incorporated reported the following receivables in its December 31, 2024, year-end balance sheet: Additional Information: 1. The notes receivable account consists of two notes, a $95,000 note and a $355,000 note. The $95,000 note is dated October 31,2024 , with principal and interest payable on October 31, 2025. The $355,000 note is dated June 30,2024 , with principal and 8% interest payable on June 30 , 2025. 2. During 2025 , sales revenue totaled $1,530,000,$1,375,000 cash was collected from customers, and $41,000 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 $355,000 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 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