Cordova, Incorporated, reported the following receivables in its December 31,2023 , year-end balance sheet: Additionalinformation: 1. The notes receivable account consists of two notes, a $100,000 note and a $220,000 note. The $100,000 note is dated October 31 , 2023, with principal and interest payable on October 31, 2024. The $220,000 note is dated March 31,2023 , with principal and 10% interest payable on March 31, 2024. 2. During 2024, sales revenue totaled $2,040,000,$1,900,000 cash was collected from customers, and $33,000 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 8% of year-end gross accounts receivable. Required: 1. In addition to sales revenue, what revenue and expense amounts related to receivables will appear in Cordova's 2024 income statement? 2. Calculate the receivables turnover ratio for 2024. Note: Round your answer to 2 decimal places