Gemstone Products 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 $2016$ and $2015$ fiscal years included the following $($$ in thousands$)$:

$20162015$

Current assets:

Receivables, less allowances of $$132,495$ in $2016$ and $$88,095$ in $2015$ $ $460,700$ $ $440,900$

A disclosure note accompanying the financial statements reported the following $($$ in thousands$)$

Year Ended

$2016($In thousands$)2015($In thousands$)$

Calculation of account receivables, net:

Receivables $ $593,195$ $ $528,995$

Less: allowance for doubtful accounts $(123,035)(77,735)$

Less: reserve for product returns $(9,460)(10,360)$

Trade accounts receivable, net: $ $460,700$ $ $440,900$

Assume that the company reported bad debt expense in $2016$ of $$191,900$ and had products returned for credit totaling $$187,135($sales price$).$ Net sales for $2016$ were $$5,623,800($$ in thousands$).$

Required:

What is the amount of accounts receivable due from customers at the end of $2016$ and $2015?$

What amount of accounts receivable did Gemstone write off during $2016?$

What is the amount of Gemstone's gross sales for the $2016$ fiscal year?

Assuming that all sales are made on a credit basis, what is the amount of cash Gemstone collected from customers during the $2016$ fiscal year?What amount of accounts receivable did Gemston Products write off during $2016?$ What is the amount of Gemston Product$$s gross sales for the $2016$ fiscal year? Assuming that all sales are made on a credit basis, what is the amount of cash Gemston Products collected from customers during the $2016$ fiscal year?

Note: Enter your answers in thousands.

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Amount

$2.$ Accounts receivable write off

$3.$ Gross sales

$4.$ Cash collections