In 2021 Crane Co. had credit sales of $1500000 and sales returnes and allowances related to these sales of $140000. Its comparative balance sheet at December 31, 2021 showed the following Accounts receivable Less: Allowance for doubtful accounts Carrying amount 2021 $750000 65000 $685000 2020 $670000 60000 5610000 The company's average collection period for 2021 is (Round answers to decimal places. Use 365 days for the calculation purpose.) 163 days 174 days 173 days 191 days The financial statement presentation of receivables shows o that short-term receivables are reported following cash and short-term investments. O short-term receivables reported in the noncurrent asset section. O all receivables summarized in one account. O an allowance account for each receivable. An increase in a company's average collection period is most likely related to a(n) o increase in sales. O tightening of the company's credit policy. o loosening of the credit terms. O decrease in sales