E6-19 (Algo) Inferring Bad Debt Write-Offs and Cash Collections from Customers LO6-2 Macrosoft develops, produces, and markets a wide range of computer software. On its recent financial statements, Macrosoft reported the following information about net sales revenue and accounts receivable (amounts in millions). Accounts receivable, net of allowances of $141 and $124 Net sales revenue Current Year $ 14,489 60,720 Prior Year $ 10,338 53,022 According to its Form 10-K, Macrosoft recorded bad debt expense of $106 and there were no bad debt recoveries during the current year. (Hint. Refer to the summary of the effects of accounting for bad debts on the Accounts Receivable (Gross) and the Allowance for Doubtful Accounts T-accounts. Use the T-accounts to solve for the missing values.) Required: 1. What amount of bad debts was written off during the current year? 2. Based on your answer to requirement (1), solve for cash collected from customers for the current year, assuming that all of Macrosoft's sales during the period were on open account