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$)$:

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

Assume that the company reported bad debt expense in $2016$ of $$192,000$ and had products returned for credit totaling $$187,150$

$($sales price$).$ Net sales for $2016$ were $$5,628,800($ $ In thousands$).$

Required:

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

What amount of accounts recelvable did Gemstone write off durling $2016?$

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?

Answer is complete but not entirely correct.

Complete this question by entering your answers in the tabs below.

Req $2$ to $4$

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.