intermediate accounting 1. please show work

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): 2016 2015 Current assets: Receivables, less allowances of $133, 890 in 2016 and $89, 490 in 2015 $462 , 500 $441, 800 A disclosure note accompanying the financial statements reported the following ($ in thousands) Year Ended 2016 11 20151 (In thousands) Calculation of account receivables, net: Receivables $ 596, 390 $531, 290 Less: allowance for doubtful accounts (123, 170) (77,870) Less: reserve for product returns 18,720) (11,620) Trade accounts receivable, net: $ 462, 500 $441, 800 Assume that the company reported bad debt expense in 2016 of $192,800 and had products returned for credit totaling $187,270 (sales price). Net sales for 2016 were $5.668,800 ($ in thousands) Required: 1. What is the amount of accounts receivable due from customers at the end of 2016 and 2015? 2. What amount of accounts receivable did Gemstone write off during 2016? 3. What is the amount of Gemstone's gross sales for the 2016 fiscal year? 4. 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? Req 1 Req 2 to 4 What is the amount of accounts the end of 2016 and 2015? (Enter your ans. thousands.). 2016 Accounts receivable (gross) Req 1 Reg 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? (Enter your answers in thousands.) 2. Accounts receivable write off 3. Gross sales 4 Cash collections 8 of 8 237 words Text Predictions: On FOCUS