During the month of April, a company had the following transactions related to sales: Sold $75,000 of goods for cash. - Sold $255,000 of goods on account with terms of 2/10, 1/45. Of this amount Customers settled (made payment on) invoices of $100,000 within 10 days of their purchases Sold $480,000 of goods to customers who used bank credit cards. The merchant fee for these transactions was 3.5 percent of the purchase Rofunded $1,500 to customers who returned products Based on this information, calculate for the month of April the company' (a) total or groes sales revenue. (b) net sales revenue and (c) related expenses, for the month of April, On December 31, 2020, ABC Corporation closes its fiscal year with an allowance for doubtful accounts of 48,000 . During the fiscal quarter ended March 31, 2021, the company writes off accounts receivable of $44.000, On March 22, the company receives payment of $3,000 from a customer whose account had previously been written off On March 31, the company's balance of gross accounts receivable is $1,150,000 The company sets its ending balance for the allowance at 5% of gross receivables, In answering the following two questions, show all of your work, including labels for numbers used in computations, (a) What should ABC report as the value of its allowance for doubtful accounts on March 31, 2021? (b) How much bad debt expense should ABC report for the quarter ended March 31, 2021