During its firstyar of operations, Cullumber Ratail had credit sales of R\$3,600,000, of which R\$470,000 remained uncollacted at year-end. The credit manager estimates that R.\$21,600 of these receivables will become uncollectible. Prepare the journal antry to record the estimated uncollactibles. (Assume an unadiusted balance of zero in Allowance for Doubtful Accounts.) (Credit account titles are automatically indented when amount is entered. Do not indent manually) Prepare the current assets section of the statement of financial position for Cullumber Retail, assuming that in addition to the raceivables it has cash of R\$90,000, merchandise imentory of R\$172,000, and supplies of R\$17,000. (List Current Assets in reverse onder of liquidity.) Calculate the accounts receivable turnover and avarage collection period. Assume that avarage net accounts receivable ware R$240,000. (Use 365 days for calculation. Round average collection period to 1 decimal place, e. 15.1 )