Check my w McConnell Products, Inc., located in New York City, is one of the world's largest producers of beauty and related products. The company's consolidated balance sheets for the 2015 and 2014 fiscal years included the following ($ in thousands): 2015 2014 Current assets: Receivables, less allowances of $21,146 in 2015 and $23,469 in 2014 $837,210 $758,300 A disclosure note accompanying the financial statements reported the following ($in thousands) 2015 Calculation of account receivables, net: Receivables Less: allowance for doubtful accounts Less: reserve for product returns $858,356 $781,769 (8,878)(8,930) 12,268(4,539 $837,210 $758,300 Trade accounts receivable, net: Assume that the company reported bad debt expense in 2015 of $1,600 and had products returned for credit totaling $3,170 (sales price). Net sales for 2015 were $6,154,800 (all numbers in thousands). Required: 1. What is the amount of accounts receivable due from customers at the end of 2015 and 2014? 2. What amount of accounts receivable did McConnell write off during 20157 3. What is the amount of McConnel's gross sales for the 2015 fiscal year? 4. Assuming that all sales are made on a credit basis, what is the amount of cash McConnell collected from customers during the 2015 fiscal year? ASSuning that all sales are made on a credit basis. What is the amount of cash McConnell collected from customers iscal year? Complete this question by entering your answers in the tabs below. Req 1 Req 2 to4 What amount of accounts receivable did McConnell write off during 2015? What is the amount of McConnell's gross sales for the 2015 fiscal year? Assuming that all sales are made on a credit basis, what is the amount of cash McConnell collected from customers during the 2015 fiscal year? (Enter your answer in thousands.) 2. Accounts le write off 4. Cash collections dstonels at the erid 6f 20T5 and 2014? 2. What amount of accounts receivable did McConnell write off during 2015? . What is the amount of McConnell's gross sales for the 2015 fiscal year? 4. Assuming that all sales are made on a credit basis, what is the amount of cash McConnell collected from c iscal year? Complete this question by entering your answers in the tabs below. Req 1 Req 2 to 4 What is the amount of accounts receivable due from customers at the end of 2015 and 2014? (Enter your answers thousands.) 2015 2014 Accounts receivable (gross) Req 2 to 4>